Tag Archives: cdnx

TSX Venture Updated

It is probably worth keeping an eye on this speculative playground from Canada.  Most of the smart resources people have all but given up on this area due to so many scam stocks and so much legacy financing from the previous bull cycle.

But the chart says that the red dotted resistance line and the red weekly EMA 20 are being dealt with now, amid some modest bullish divergence by MACD and RSI.  It would be interesting to see if CDNX can get over this resistance and get a party started.

cdnx

Personally, I’d prefer sounder commodity exposure than lottery tickets, but…

TSX Venture Still Bearish

This index needs to find support soon if Santa is going to come and bring any gifts for those who speculate in this dung heap.

cdnx

I don’t care about tax loss selling or great stories.  For every gem in this index there have got to be 50 pieces of garbage.  Stick with quality; that’d be my position.  Come to think of it that has been my position for a long time now.  With quality getting dumped now too, why even think about this area?

There is a set up for a buying opportunity in play as long as certain parameters remain good.  Buy quality when the time comes.  Really.