Guggenheim Shipping ETF (SEA)

Guggenheim Shipping ETF (SEA)

2016-09-24 5:34 PM
We thought things were looking iffy around Sept 14th with $SEA showing a little weakness, but so far, the consolidation across some shipping sectors has translated into a steadying influence on this ETF.
The small pop up and pullback over the last few days is still within the recent range. Our pessimism through July 2016 slowly turned to optimism and behold, we are knocking around the 11.25 – 11.50 region we were hoping for back then…..even a little better. See what happens if you stop watching?

Previous scribbling about SEA ETF:

2016-07-15 10:48 PM
Guggenheim Shipping ETF (SEA)
Some consolidation and potential support seen above our hoped-for range last week. (10.30 – 10.40)

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2016-07-09 2:54 PM
Guggenheim Shipping ETF (SEA)
Eyeballing 11.25 to 11.50 for any price recovery for SEA. Weakness may be present, although there may be support building in the 10.30 to 10.40 range.
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2016-07-06 8:11 PM
Guggenheim Shipping ETF (SEA)
After some anaemic recovery in the last few months, it appears some bearishness has set in again for SEA.
According to my fuzzy logic (apparently that’s a techie term), a failure to rise through some resistance around 12.35 has created some downward momentum. A potential consolidation around 11.70 to 11.80
also failed and the next downside price target is around 10.25. Any consolidation in the 10.25 – 11.25 range could support an upward push through 11.50, but confidence isn’t high.