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IBDvalueinvestin (98.29)

Baltic Dry Index BDI is rising again after a big retrace in June and early July.



July 14, 2009 – Comments (4) | RELATED TICKERS: GNK , DSX , TBSI.DL

This could be the re-start of the earlier uptrend. That points to demand upticking again after slowing in June.

BDI is a strong indicator of demand for dry goods being shipped around the world. Its no coincedence that the market fell in June and early July as the BDI slumped.

4 Comments – Post Your Own

#1) On July 14, 2009 at 10:38 AM, portefeuille (98.90) wrote:

... for the first time in july.

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#2) On July 14, 2009 at 10:45 AM, IBDvalueinvestin (98.29) wrote:

Yes its the first time in July but its got to start up one day, and today is the day. So far we have had very little earnings warnings, so I am expecting good earnings on average.

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#3) On July 14, 2009 at 11:43 AM, IBDvalueinvestin (98.29) wrote:

Another indicator of improving economy is looking at the list of stocks hitting 52wk highs, when that list starts getting long like it is today then its giving you a positive indicator.

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#4) On July 14, 2009 at 11:54 AM, ChannelDunlap (< 20) wrote:

I love the BDI and it's speculation-free indicitiveness.  I wish EXM wasn't up 15% already today.  I had been debating jumping on them and looks like I hesitated too long.

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