Costamare has a history of following the moves of the Baltic Dry Index which tracks the charter rates of various different Dry Bulk Ships and recently we've seen BDRY (the ETF that tracks the BDI) double in value and it has taken many marine shippers up with it but CMRE despite trading at good valuations is yet to move out of its trading range which is typical for...
With BDRY (The Baltic Dry Index ETF), finally going up, we may start to see more shipper stocks go up. We've already started to see an uptick in SB, GASS, TK, and TNK, now we might start to see some action across the entire sector.
I still would want to focus on those that are giving us at least a somewhat decent pattern, and IMPP in this case is both cheap and...
Safe Bulkers has formed 3 Rising Valleys with Hidden Bullish Divergence, and on the 3rd Valley, it seems to have formed a Bull Flag. Once it breaks out of the Bull Flag it will enter a Bullish BAMM that could take it up to the 0.886 all the way up to the 1.13 Extension as it enters an Alternate Bat Bullish BAMM.
Baltic Dry Index points to smth ugly in global trade to happen. I count move from 2008 top to 2016 bottom as wave circle A. Move from 2016 trough to 2021 peak as wave circle B. Wave circle C is ahead. Assuming C=A extension the bottom should be expected somewhere in the 140-200 range, almost 80-90% drop from the current levels.
The globle very important indicator BDI is near the mach 2020 level therir is two type of view
NEGATIVE:- This is the time to sell the all stock because the globle most of the market and indicator is negative trend
Positive:- This is the time to the invest because, last time BDI near this level after this all market give rally, so this is time to accumalate...
The very important indictor of the globle finacial market baltic dry index is show in the positive trends. If you watch this indictor it is very much possible the bearish market end soon.
In this my backtest studying the relation between the Bulk Dry Index and some of popular stocks in marine shipping sector, using CAGR as parameter of performance. CAGR is calculated from swing-high/swing-low to swing-low/swing-high of Baltic Dry index (ticker:BDI) over last years.
Marine shipping stocks are strongly correlated with the Bulk Dry Index.
Stocks...
Wassup moving goods arouund...
Oops, not happening.
China?
Nope, re-opened for 61 Hours and closed up again.
No more Honey for the Money.
Increasingly more stringent lockdowns... but hey.
Facism rules the planet.
Go get some.
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The Baltic Exchange's main sea freight index extended its slide on Thursday...
The Baltic Dry Index Continues to soar following my call for a breakout at 3,200ish (July 2021). I think the BDI remains a good indicator right now for a few reasons:
1. From a technical perspective, it is behaving exactly as expected (hence the call from 3,200 - it was an easy read)
2. The breakout and move higher is consistent with a bottleneck in global...
The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
BDRY is an ETF that trades on the Baltic...
I am not a pot smoking degenerate , and I in no way support this filthy industry , but someone asked me my opinion this as as trade and I like a challenge so here we go. On the left is Aurora Cannabis. On the right is the Dry Bulk Shipping ETF, which is suppose to provide exposure to the proprietary Baltic Dry Goods index provided by the London-based Baltic...
1. Recently acquired a new contract for 11k a day in revenue for 8 months
2. 50% of the O/S is locked
3. Restrictions on owning more than 14% of the O/S implemented by management to protect shareholders.
4. Low float 500,000 O/S 2.4 mil
5. Freshly brought on to the NASDAQ Feb 11th.
6. The huge pop from $4.89 to $18.99 on the 11th of March was more than...
