TSX Ventures Index has formed a huge wedge over the last 15 years. It has reached the 76% Fibonacci projection and showing huge bullish divergence on monthly MACD. Seems ready to break out on the upside with immense potential. Highly bullish for juniors miners that constitute the core of this index (material is 37% of the index while energy is 35%). Juniors...
CDNX junior market is bubbling and wants to move. I recently took profits in some of my bigger mining names. Although they are great companies and i'm sure they will be worth a lot more in the near future, one of my rules is "never get married to any investment" !! I feel we are entering a major market downturn and i am doing great on my VIX long ETFs and this is...
This Canadian index is full of precious metals, like gold and silver miners, cannabis stocks and commodities based resource stocks. It has been consolidating for quite some time as you can see... Looks to be breaking out now. Could be a good idea to find some decent picks in this index to go long over the next year or two.
This weekly chart shows how much the moving averages are converging and I'm very positive about the second half of 2018.
Bollenger bands are the tightest they have ever been since the inception of this small cap market Index. Looks like it has a good runway to take off. My outlook is still positive as long as the broader market bullishness continues.