Scorpio Bulkers continued the steady march upwards last week, with what appears to be some solid support built in the 5.00 - 5.25 region. The last time we commented on SALT was mid-October 2016, and we dared to have some bullish thoughts. Well, of course it's a whole new year and a whole new US administration; last year is out the window, so the "animal spirit" may be abroad as some have said. Perhaps seeing Wilbur Ross' cabinet appointment has provided a distant light for ancient mariners mired in the mud. Dare we say SALT might see more support building at the 6.00 price? It may be time for a price rest and maybe a little build on that support. Relative Strength Index is into overbought regions, and the last time we saw this kind of volume was immediately after the US presidential election.