As we head to the Christmas break, we at Superior Maritime would like to extend our very best wishes for this festive season to you and yours, no matter which holiday you celebrate. We'll see you in 2019.
The Handysize Index took a rest in Week 49, halting its downtrend just above our 615-620 support ideas from a month ago. Barely visible on the chart, the index closed at 625, down a whole single point on the week.
Week 26's Handysize Index carried on in sideways mode, although weakness in the index appeared stronger at first glance. Bumping along the bottom of our 575 - 600 support zone, the Handies made a fresh low in their present channel at 581.
Week 21 in the Handysize Index was a lack-lustre spell showing little change despite Week 20's small
white candlestick. A small drop to a close at 587 may be some continued flirting with our 575 - 600 support ideas,
and the index did a fair job of supporting...
The Handysize Index ran strongly downhill in Week 17, bringing the index just short of our downside warning target of 575 - 600. Closing down 16 points on the week at 605, this run downwards was hinted at last week, but as usual we had hoped for better.