Dry Bulk
The main theme of the year so far has been the volatility in the tech stocks, with may high fliers dropping overnight, including the biotech darlings of the last few years. The money seems to be rotating into the materials. The possible reversal of the US Dollar strength along with firming in the price of energy has contributed. I have been anticipating this for some time. Probably because my heart is in the commodities, imprinted like a turtle, if you know what I mean….
It is about time to see a bottom in the dry bulk shippers. The charts support this with volume drying up even as new lows are made. This, if it proves a bottom would be for a long term trade as it may take a couple years for things to get really going again….
Buy as the price firms up. Don’t get in a hurry.
Control risk,
gh
Continued:
See which stocks are being affected by Social Media
