This Swing Trade Review focuses on our second trade in two months of Teekay Tankers (TNK). We booked a 14% gain or $2,300.00 within one week. We were very bullish on the shipping names in 2013 with our initial profit being in Eagle Dry Shipping (EGLE) for a triple digit gain. We identified the shipping names as a good sector due to the bullish stock chart action of the Baltic Dry Sea Index (BDI) and the Dow Transportation Index (TRAN)
We continued to show our leadership as the best stock picking service in 2013 with our personalized service. We look forward to a profitable 2014 so please join us. As we proceed into 2014 we do not have the same bullish outlook as we did in 2013. We believe that the biggest profits to be made in early 2014 will be to the short side. We are looking to short the Dow Jones Industrial Average (DIA) and the Russell 2000 (IWM) do to their extreme overbought levels on their weekly stock charts. The technical analysis I have done on these sectors shows a bearish divergences on the slow stochastic.