We are often asked about what`s "hot" in the markets and whether the interest is being translated into an up-tick in prices. To answer this question, we developed a simple yet intuitive propritery momentum index. Out of the 90 days in a quarter, if for 45 days the price of the vessel was increasing and for 45 days the price was decreasing, the momentum index would be at 50. An index greater than 50 would indicate a stronger positive trend in price over the quarter. This analysis is rolled forward and from this the index constructed. By visualizing the various ship types within one sector, one is able to see the changes in the price momentum relative to each other. There is evidence of bullishness in Capesizes, VLCC`s and the very large and small container vessels. One can also see sharp negative momentum in the less prefered Panamax container segment.