The Claymore/Delta Global Shipping ETF (SEA) will continue to see gains in 2015 due to the lack of available tankers, said Tom Essaye, Publisher of 'The Sevens Report.'
In trading on Monday, shares of the Guggenheim Shipping ETF entered into oversold territory, changing hands as low as $17.9001 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Guggenheim Shipping ETF where we have detected an approximate $43.4 million dollar outflow -- that's a 37.7% decrease week over week (from 6,100,000 to 3,800,000). Among the largest underlying components of SEA, in trading today Matson Inc is off about 0.4%, Teekay Corp is up about 0.4%, and Teekay LNG Partners LP is lower by about 0.1%.
Sir John Templeton profited by investing in sectors in disfavor in the Great Depression and when they rebounded, wow! Choose a company or fund and see how well you do.