Shipping can be used a leading indicator to gauge where the market as a whole is going. Just like the XHB the home building chart, I don't trade this. I only use it a guide to get a into the drivers of the market. If shipping is up, then the markets will follow, is building up, so too will the market.
As we can see, shipping made a low last year in September and has made higher highs since then. we now just wait and watch the indicators for bullish crosses that seem to be building upward. A Stochastic cross above the 20 on this 3 week chart is what we are looking for and is considered bullish. Same with the MacD, we are looking for the beige line to cross the purple line. Once these happen on the three week we will then change to the monthly and look for the same.
The moving average I'm using is the CM_Ultimate_MA . Price action moving above this line and turning it green is a very positive move as well.
Once again to be clear, we have an up trend in the shipping, if it continues then the recession is likely over and the markets will move along with it. It will be even more likely on the monthly confirmation of price action and indicators.
I will link the XHB home builders chart I did last year down below.
Best regards in 23 WeAreSat0shi
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Shipping doesn't lie. If it gets above it's CM_MA and makes it support, the bull run will follow.
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it is note worthy of the to update about the indicators in the chart.
The Stochastic RSI has crossed above the 20 level so it's in buy territory, and the MACD is most likely going to cross in the next week or two. So one has confirmed while the second we are still waiting for.
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shipping is holding strong!!
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Shipping says recession is over.
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The bear market is over, shipping is up again!!
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Shipping is at new highs. The monthly is in buy territory. Something or someone is lying to you, I don't think it's shipping.
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Let me clarify. Shipping is not at new highs, it's at monthly high, closing This Month of April at this price of 139 to 127 or higher will give it it's highest monthly close ever. This for me is bullish.
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Shipping is facing a strong correction!! It has pumped fairly strong the last couple months. A correction is normal, but where too? 77 to 86 is a strong support level.
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Shipping is also facing a fairly strong bearish divergence.
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Shipping after a very large move, corrected, and is now building the foundations for the next leg up.
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Shipping looks to make another move in the fall. This should drag assets up with it
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Shipping has now broken below its previous low last year. This could trigger a bigger problem going forward for stocks.
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Is there a big recovery coming to shipping to end the year?
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No recovery in sight, it just keeps dropping. With the market ripping higher, shipping is lagging in a big way.