I first featured DSX on April 28, 2021, when it was on the verge of a major breakout. Though I have been following it for years.
Then again on May 7 when the breakout occurred.
And again on May 19
Since my first post, DSX has now risen nearly 50% in a few months. Shipping is a bottleneck industry that gives it pricing power
under certain conditions. Usually commodity spikes, this time we have supply chain issues and commodity spikes which i also
featured here back on Feb 24, 2021 that was possibly topping at the time.
On April 28 I confirmed the CRB breakout from a 13-year channel.
As result, DSX exploded since then. I don't see CRB pulling back anytime soon as such DSX should continue to soar. Despite so
people cherry-picking commodities implying the bull run in CRB is over. Be careful of those types bc they can lead you to sell DSX
prematurely.
Then again on May 7 when the breakout occurred.
And again on May 19
Since my first post, DSX has now risen nearly 50% in a few months. Shipping is a bottleneck industry that gives it pricing power
under certain conditions. Usually commodity spikes, this time we have supply chain issues and commodity spikes which i also
featured here back on Feb 24, 2021 that was possibly topping at the time.
On April 28 I confirmed the CRB breakout from a 13-year channel.
As result, DSX exploded since then. I don't see CRB pulling back anytime soon as such DSX should continue to soar. Despite so
people cherry-picking commodities implying the bull run in CRB is over. Be careful of those types bc they can lead you to sell DSX
prematurely.
Real Macro Economic Investing
www.patreon.com/Realmacro
www.patreon.com/Realmacro
