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Equity Update: Canadian Junior Resource

Posted by nexvucapital on March 6, 2013

For our friends who have suffered through a 24 month vicious bear on the Canadian Junior Resource Market (TSX Venture Index) we draw your attention to the comparative charts below. The first chart is for the period December 31, 2008 to June 30, 2009 and the second chart is for the same period in 2012-2013. The focus is on the January to March period within each chart where we see some striking similarities:

  • similar topping and bottoming formations
  • similar Stochastics and RSI bottoming patterns (note the %K-%D crosses)
  • similar top to bottom losses: 12.8% in 2009 and 12.0% in 2013

And a few differences:

  • average daily volumes are significantly higher in 2013 than 2009
  • major US indexes were putting in bear market bottoms in 2009 and are making new highs in 2013
  • from the March bottom, the TSX Venture Index rose +41% through to June 2009

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