Shipping stocks are breaking to the upside

Shipping stocks are breaking to the upside! Why? Supposed the global recovery is really in place, and therefore increased trade.

Look at these:
Diana Shipping (NYSE) 

On a firm uptrend since Jan 2013. Strongest of the lot.

Dryships(Nasdaq)

               

On an uptrend since last month. Definitely on  my watchlist.

Knightsbridge(Nasdaq)

On an uptrend since April. Worth watching.

The locals seem to be following suit.

Yangzijiang (SGX)

It is breaking out to the upside. Watchlist

NOL (SGX)

The weakest of the lot, but also gathering pace to break out on the upside. I already own this counter, and am hoping to get a nice ride on this one.

Is the tide turning for Wilmar?

In a recent report by UBS, the bank sees growing demand for food. On the other hand, global warming and erratic weather patterns, as well as a slower rate of productivity gains in farming, are likely to constrain farming. If these views are correct, the tide may be turning for Wilmar, Noble, Golden Agri and Olam

Let's look at their charts:

The above is a chart of Golden Agri. Looks weak. I will not touch it.

Noble above looks more promising. There were up days on heavy volumes. Insiders were also buying around 0.80 level. Worth a watch.

Olam (above) looks bearish, with prices looking like they are not done declining yet. Give this a miss.

Wilmar chart:

This counter is breaking out of a base and looks likeliest among the commodity players to challenge its
200-D MA. Once the 200-D MA is successfully taken, then it is deemed to have changed to uptrend. Go Wilmar.

NB: I am vested in Wilmar.

Taking a bite of Apple

Apple shares has fallen from its height of 700, to a low of 400 recently. It has since recovered, trading now at 500. The case for buying Apple is tempting.

Legendary investor, Carl Icahn announced his position in Apple on Twitter two days ago: "We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come."

 

The Wall Street Journal reports that he's been building his $1.5 billion stake in Apple over the last month.  What's his outlook? Icahn says, "Even without earnings growth, we think it ought to be worth $625." (Wyatt Investment Research)

 

Looking at the charts of Apple:

 

It has broken out of a double-bottom formation, and on a new firmly established uptrend (above 200-d MA). Downside 100, Upside 200, so favourable risk-reward ratio of 1:2. It is time to take a bite at Apple. However, having missed entering it at lower prices (400s), I am a bit reluctant. The stock market is currently up. Will wait for it to slightly correct before entering.