swingtrader930 (39.43)

Shipping Industry Gaining Support . . . .

June 11, 2009 – Comments (0) | RELATED TICKERS: SEA , EXM , NM

The shipping industry is gaining support of recently over the last month.  On the chart of SEA you can see this particular shipping ETF has been moving upward over the last month.  SEA is tracking fairly close to the Baltic Dry Index (BDI).  But since there is no ETF for the BDI this is probably the best way to profit from its recent zoom upward.  SEA is not strictly issues of dry bulk shippers.  There are also tankers in the ETF like NM. 

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