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Balticdryindex

CMRE: Looking to Bullishly Breakout with the Dry Bulk IndexCostamare 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 this stock as it usually moves just a bit slower than the BDI. When comparing the two you can see the BDI has already broken out and is heading for the highs but CMRE has not made any meaningful moves up, however it is attempting a breakout with some hidden bullish divergence it formed at the previous support and is now above the 55 and 200 week moving averages. If it follows the move the BDI has made we could see CMRE come up to test the 61.8% Retrace at $16.62 or the 0.886 at $22.45 at this point in time that would open up the possibility of an ABCD move being completed to the upside that could lead it all the way up to $38.40. I will leave below some Related Ideas within the sector and the chart of the Baltic Dry Index ETF (BDRY)
NYSE:CMRELong
by RizeSenpai
3
IMPP: Potential Bullish Consolidation In Certain ShipownersWith 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 has potentially formed a Double Bottom with Bullish Divergence above the previous level of resistance. Given that it focuses on Oil and owns Ships, I think it can start rising with the Baltic Dry Index, especially if we get more demand for oil in the coming months.
NASDAQ:IMPPLong
by RizeSenpai
Marine Shipping stocks and the Bulk Dry IndexIn 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 dropping during Index falling and stocks raising during Index raising. When Index raising and finding a potential swing-low, I will looking for that stock with the highest correlation whit BDI. From my backtest, those stocks are Star Bulk Carriers Corp, Knot Offshore Partners LP, Safe Bulkers Inc
NASDAQ:SBLK
by giancarlopagliaroli
1
BDI - Baltic Dry IndexWassup 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. _____________________________________________________ The Baltic Exchange's main sea freight index extended its slide on Thursday to hit the lowest in more than six weeks, hurt by falling rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 68 points, or 2.8%, to 2,342 points. The capesize index fell 88 points, or about 3.6%, to 2,369 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $737 to $19,643. China's coal imports dropped in May after a strong rebound in the previous month, official data showed on Thursday, as cheap domestic sources and weak demand due to Beijing's zero-COVID curbs dented appetite for overseas cargoes. The panamax index dropped 73 points, or 2.7%, to 2,674 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased by $659 to $24,064. Dalian and Singapore iron ore futures slipped as traders continued to worry about weak profits at Chinese steel mills, with fresh COVID alerts in Shanghai and Beijing adding to concerns. The supramax index lost 58 points to 2,527 points. (Reuters - Reporting by Rahul Paswan; Editing by Vinay Dwivedi)
B
by HK_L61
1
Baltic Dry Index UpdateThe 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 shipping 3. The #bullish price action is yet another harmonious variable in my view of the global macro repricing; although I am still treating the idea of "re-pricing" as a theory. I am going to not this as a continued long until we reach the 4,700 threshold; at that point, we can reassess.
BLong
by ChiefMacro
2
tracking the Baltic Dry Index 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 Capesize Time Charter-Base Ticker for each sequential month. To check out a chart of the Baltic Dry Index, I suggest using StockCharts.com to look up $BDI .
AMEX:BDRYLong
by dorfmanmaster
Aurora Cannabis looking to get higher 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 Exchange. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter Averages and is often seen as a leading indicator for the European and world economies. I tracked the BDRY ETF as a learning experience last year I don't even think I did any posts on it and I missed the trade because I was focused on losing money in crypto. Fundamentally ACB has some legs to the upside. People are depressed and numbing the pain of their existence with this weed. Earnings are good and now we have a cross of the 20 and 50 SMAs circled in orange. The price action for BDRY seems very similar and if we use BRDY as a guide we are in at this cross and we will be out when the 20 and 50 SMA cross ag again, but this time bearishly. Set you tradingview alerts for the 50 to cross the 20 again on ACB and you have your exit. This is a super simple moving average strategy. BUT if we get a bearish cross too soon and you are munching on losses because the everything bubble popped on you then that's the way the cookie crumbled. Own your trades, gains and losses. If you want to add just one more level of analysis you add the trendline established at the box in a box on BDRY at the end of the consolidation and when ATR hit a new low. So if you wanted to trade ACB the moving average strategy would be to buy when the price action starts to get close to the 20d SMA. If you are worried about having your money tied up during the consolidation period and you want to just trade the break out you would be buying while the Average True Range starts to hit some new lows. Ultimately I expect ACB to continue legging its way down, but there is a clear case for the upside. But first, consolidation.
ALong
by This_Guhy
2
$CTRM $3.9 in Revs $980K in Net Income $9.6 Mil in Assets1. 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 likely due to the recent contract news. Then flippers sold it back down to bottom at $4.00 where it’s steadily increased back up. 7. Filings go all the way back to April 11th of last year even though the actual ticker hasn’t been made public until last month. So I’m assuming maybe some news on the one year anniversary of when filings dropped. 8. The Baltic Dry Index has found support since the start of March and has slowly been making its way back up. I expect 1500 by Summer and the possibility of 2000 by EOY investorshub.advfn.com
NASDAQ:CTRMLong
by StockGuild