Clicky

TSX Venture Index/XVX.TO Trade Update

XVX.TO is an Active Long & Long-term Trade idea that was first added as a setup on Jan 17th (click here to view the previous notes if interested in this trade). Since that last post, the $CNDX (TSX Venture Composite Index) did go on to trigger an entry on the trade by clearing the 980 resistance level. From there, the exchange gained about 7% before coming back in to make a successful backtest of the 980 level (resistance, once broken, becomes support). All-in-all, the price action on the $CNDX remains constructive and with prices still trading above but close to that [...]

2017-03-08T21:21:01+00:00Apr 3, 2014 2:49pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: , |Comments Off on TSX Venture Index/XVX.TO Trade Update

$CDNX & XVX.TO Trade Idea Comments

For those interested in the previously posted $CDNX /XVX.TO trade idea, here's my reply to a question that I just received regarding the low volume on the XVX.TO: I meant to address the low volume on the XVX.TO but forgot to add that to the post.  I generally try to avoid low volume securities but since this is an ETF that tracks the value of the index, it should climb or fall roughly in-line with the $CDNX unlike a thinly traded stock, which can experience huge disconnects between the stock price and the intrinsic value of the company.  Yes, there are [...]

2017-03-08T21:21:07+00:00Jan 17, 2014 3:01pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: , |Comments Off on $CDNX & XVX.TO Trade Idea Comments

TSX Venture Exchange Looking Bullish

O Canada, you look so bullish... at least your lower quality stocks do.  The $CDNX (S&P/TSX Venture Composite Index) is a broad market indicator of Canadian micro cap securities.  Being a largely natural resource based-economy, the bulk of the components of the $CDNX are energy and mining companies, with energy stocks comprising roughly half the index and materials (including mining stocks) representing just over a third of the index (see sector breakdown chart below). A couple of considerations for those interested in trading or investing in the $CNDX:  As a rule, micr0-cap and venture companies should be considered high-risk, volatile companies.  [...]

2014-04-03T14:24:34+00:00Jan 17, 2014 12:05pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: , |Comments Off on TSX Venture Exchange Looking Bullish