Frontline Ltd. (NYSE:FRO) is one of the leading shipping stocks. This morning the stock is trading slightly higher by 0.60 cents from yesterday’s close. This could be an indication of higher prices for the shipping sector. The problems in the Middle East effecting the Suez Canal could be a catalyst for higher shipping rates, however, the hostile Egyptian region seems to have calmed down today. Other shipping stocks that could be in play today will be General Maritime Corp. (NYSE:GMR), and Nordic American Tanker Shipping Ltd. (NYSE:NAT).
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.