February 10, 2019

HANDYSIZE

While dropping to a teeth-grinding 290 in Week 6, the Handysize Index actually eased in its recent plunge. After gapping down on the week's open the overall performance could be called....um...less abysmal - a mere 11 points down.

What optimism might be gleane...

February 10, 2019

CLEAN TANKERS

Closing Week 6 at 624, the Clean Tanker index continued to lose strength. After a gap-down open below our previous 650-675 support some bearish momentum seems to be building, giving our previous suspicions some weight.

The RSI at 53.90 maintained the only...

February 4, 2019

 A HAPPY & PROSPEROUS

LUNAR NEW YEAR!

(Even if it seems hollow in the face of these dry bulk numbers....)

HANDYSIZE


For Week 5 the Handysize index carnage continued, once again gapping down at the open and even accelerating the plunge to a 311 fix, as can be seen on the...

February 3, 2019

CLEAN TANKERS


Week 4 had the Clean Tanker index adhering tightly to a narrow band right at our 650-675 support ideas, seemingly unwilling to test below 650. The index gained on the week, climbing fairly steadily to a 672 Friday fix.

The RSI followed, gaining a little t...

January 27, 2019

HANDYSIZE

Week 4 saw more gloominess for the Handysize Index, with yet another gap-down open. The headlong charge ran down
to a horrendous fix of 395, as the index poked a little way through our hopes of some low-400s consolidation.

The single-digit RSI at 6.04 and nega...

January 14, 2019

Well, a week or two certainly makes a difference, doesn't it? Our last commentary was for Week 50, 2018 and we posted dry bulk and tanker charts through the holiday period, watching as the black marks began to pile up. Our friend Jerome Sorrel summed it up well on the ...

December 10, 2018

HANDYSIZE


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.

The RSI continued its downtrend to 69.33, stil...

December 10, 2018

CLEAN TANKERS


The Clean Tanker index took a near-50 point gap up to open Week 49, and surged to close at 894. Not having seen this level since 2010, the index seemed somewhat precarious with the RSI at 89.22.

The lagging MACD followed the surge of course, reaching a str...

November 25, 2018

We wish all our American friends a safe and happy holiday as we roll through this Thanksgiving weekend.

May all your harvests be bountiful.

HANDYSIZE


For Week 47 the Handysize Index lost another 10 points or so, closing at 635. This brought the index closer to our suppo...

November 19, 2018

CLEAN TANKERS

For Week 46, the Clean Tanker Index took a rest after the Week 45 surge, closing down on the week at 646 within
an eight-point range.

The RSI stayed relatively peakish at 77.54 while the MACD showed signs of lagging in its bullish climb. Pausing just above...

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