Today’s Markets

Asian markets were mixed overnight with China’s Shanghai Composite falling 13 points to 2315…European shares are moderately weaker while the Dow as of 7:30 am Pacific is off 11 points at 13639…

Below is a 2.5-year weekly chart comparing the CDNX with Gold and the CRB…the Venture, importantly, has now broken above a down trendline in place since early 2011…while this market at the moment resembles a very “slow moving train”, the technical evidence suggests it’s now going in the right direction and a pick-up in momentum is likely not far off – especially after the 1240 resistance area is cleared…as of 7:40 am Pacific, the Venture is up 3 points at 1240 as it continues to flirt with that important level…

 

Source: http://www.bullmarketrun.com/?p=12759

 

Guy