Thursday, 16 January 2014

Canadian Venture's Start to 2014

A very strong start to 2014 with hardly a session down and moving above the 50d and 200d averages. 
Can we see a golden cross of the 50d over the 200d and a push above 970 and 1000 before a pullback?
Interesting that the venture held the June-13 lows through December despite tax loss selling pressures.
But not yet seeing the volume we are in GDXJ so uncertainty continues.
As has been pointed out before we should expect bifurcation, the best stocks are already 100% plus off their lows, others will hold back the index awaiting their demise.

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