01Mar3:13 pmEST

Genco: More Than Just Olive Oil

As commodities boom virtually all plays ancillary to their success are in focus to participate as well.

U.S.-based Genco Shipping, below on its daily chart, is one such idea, a dry bulk shipper which transports iron ore, coal, grain, and steel products, just to name a few. You can see GNK consolidating fairly well around the $20 level after a strong prior rally, and is on watch to continue.

The Fed is in a tough spot now, through their own fault though, as they have waited way too long to finish QE and eventually lift off with rate hikes.

Powell's Congressional testimony the next two days will be market-moving, most likely. But, ultimately, with commodities rallying and turning up the inflationary pressures even more, he will need to bite the bullet and tighten. 

Bear Market Blues; Bell Bott... Warning: This is How Advance...

 
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