US Marine Transportation Index (DJUSMT)

[ospreyeye]

$DJUSMT Chart: Bullish Harami reversal pattern formed on Fri......MA(50) @ 302.56 support held.....MA(50) is an Institutional Load Zone.......the correction last week has reset Fast & Full Sto's bringing them down from the above 80 Power Zone.......

$DJUSMT broke 3rd week of Oct. resistance last week & is set up to head to the next Market Maker level........as long as $DJUSMT starts forming candles above 317 it will continue the Bullish momentum.......the pullback was the ideal set up to begin the breakout......as this chart shows before $DJUSMT makes a move to the next level it pulls back and the Sto's correct.........take a look @ the 2nd week of Oct. rally........Fast Sto bottomed out & $DJUSMT responded by breaking out.......when that rally happened the Full Sto also bottomed.......this is what may need to happen again......Full Sto may need to bottom before the next breakout......checkout the 19th of Aug., the 1st of Sept. & the 9th of Oct.......you will know if Full Sto is going to bottom by watching MA(50).......if MA(50) support breaks the share price will drop to MA(100) @ 296.18 & Full Sto will bottom along w/ Fast Sto for the 2nd time......this would be a similar set up to the Aug. double bottom & breakout on Fast Sto......

$DJUSMT is trading in a well defined channel between Upper Bollinger Band resistance & MA's(50 & 100) support.......if MA(50) holds $DJUSMT bounces if not $DJUSMT bounces off MA(100)......sell the peaks & buy the valley's........right now the Upper BB is @ 318.79 the last time the Upper BB got hit was on the 22nd of Oct......the Upper Bollinger Band is the target for the next breakout.......

There is a chance of a Double Top, but I think it's slim.......as this chart shows on previous Upper BB hits the next attempt to reach that level came up short & each time $DJUSMT failed to make a new high......last week $DJUSMT made a new high above the last Upper BB hit on the 22nd of Oct.......the 317.15 HOD(high of day) on Nov. 7th was above the HOD on the 22nd of Oct......even though the HOD was only a tick higher the move was significant.....take a look @ Aug. 3rd & Sept. 19th.......when $DJUSMT hit Upper BB resistance & pulled back the following bounces failed to reach previous highs and the share race corrected......on the recent Upper BB hit on the 22nd $DJUSMT quickly recovered and made a new high.......this is a significant change in trend.......as long as $DJUSMT holds support it should run to Upper BB resistance.......

Keep an EYE on MA(50) support......if it breaks MA(100) will be the Money Zone....if MA(50) holds keep an EYE on 317......that is the magic #........if $DJUSMT forms candles above 316 resistance you'll know it's Showtime!........the Marine Transport sector is hot........Institutions like this sector & w/ the exploding population and foreign trade I only see continued growth for Marine Transport stocks.......investing in an ETF like $DJSMT can be a smart move.......you never know when the next pirate attack will take place......checkout FREE and what a pirate incident does to the share price.......sounds funny, but pirating is a legitimate threat to companies in this sector.......by buying a basket of marine transport stocks like $DJUSMT you are getting a buffer from isolated incidents..........

One of the things that really excites me is the Arctic passage........keep an EYE on companies that use N. Atlantic Arctic trade routes.......this going to be the next BIG THING in shipping......as global temperatures warm so does the ice shelf creating bigger passages for longer periods of time........this route greatly reduces the time it takes to ship goods....

...it's going to be the next great thing in the shipping industry.....who's says global warmer is alway's a bad thing?.......there are actually many benefits to global warming.......learn what they are and profit........I will be discussing this topic further in 2014 presenting many trade ideas that directly benefit from global warming....

Personally I think someone should start a global warming ETF and have companies that directly benefit from global warming in the fund........BRILLIANT!..........$$$