The Venture Exchange posted its 4th straight daily gain today, surging 16 points to close at 919. This market is inching closer to a major technical breakout, though it still has a few hurdles to cross. More in our Week In Review And A Look Ahead on Sunday.
In John’s updated 3-year weekly chart below, notice how the Venture is now beginning to accelerate to the upside after repeatedly and successfully testing new support at the all-important downtrend line that it finally broke above in late October. RSI(14) remains firmly in an uptrend. Overall, this is a very bullish scenario. The June low has held, and the Venture continues to out-perform Gold which is a good sign. Quite simply, the bears are losing their control over this market. Reserve a prime seat for what could be an amazing show just ahead.
I have never understood the fact that in March 2011 the cdnx started to bail… while gold, silver, crb, oil, and almost everything else was still increasing..
the cdnx:gold chart is sickening.. but I fail to understand why. You guys have always said that the cdnx is a leading indicator…
I dont get how a junior market can do that…
Now the daily and weekly charts show promise.. monthlies not so much… and…
with all of the banter of the underlying commodities stagnating how can a junior market that arguably relies on these commodities advance in any way shape or form except for a short lived corrective bounce?
I await some enlightenment!!
TIA
Comment by Jeremy — December 28, 2013 @ 12:54 pm
V.GGI 43.75%
V.HBK -5.00%
T.SAM 2.70%
V.IO -20.83%
V.TGK 0.00%
V.GTA -12.50%
V.KWG -10.00%
V.RBW -25.00%
V.FMS 88.24%
V.PGX 1.45%
V.GBB -12.50%
V.GMZ -25.00
bmr members stock picks
Comment by gil — December 28, 2013 @ 3:05 pm