Canadian Penny Stocks Blog

It’s a simple question. Is now a good time for penny stocks? There’s a lot of crazy things happening in the world and there’s enough volatility in the stock market in general so are penny stocks worth the extra risk? This isn’t a normal time and rest assured that while some people lost a lot [...]

The past 5 days have been pretty rough on stock markets. Fundamentally, the chaos in Libya is causing a lot of uncertainty in the investing community so money is getting taking off the table. At the same time the Toronto Stock Exchange was reaching a resistance level as you’ll see in the chart below. For [...]

Despite what is happening in Egypt and the Arab world, gold hasn’t moved any higher. This would cause a great deal of concern for the gold bugs and people bullish on gold. Adam Hewison has a great explanation of why gold is where it is and where it is going. It’s firmly grounded in technical [...]

The stock market of the past week has shown some strength and is close to breaking through a 6 month high. Does this mean it’s time to invest or time to unload. The answer, as often in investing, is it depends. In the short term it looks like there will be enough resistance and shift [...]

This past week on the Toronto Stock Exchange was a positive one. But is it staying that way? Let’s take a look at some basic technical analysis to see if it is. The week closed a 3 month high and broke through the resistance level. All signs are pointing to a continuing trend upward until [...]

The market volatility is certainly continuing throughout this week. With triple digit moves in both directions it’s difficult to determine where the overall stock market is headed. Unfortunately from a technical analysis perspective it doesn’t look good. Check out this 3 month chart of the TSX. The short term trading range is between 11400 and [...]

I must admit that I get a kick out of watching Jim Cramer. The flashy entertainment often makes for an amusing time while eating supper. I came across this video today from Jim Cramer talking about Europe and his statement was actually really something that is worth listening to. Some part of Europe will collapse [...]

Reviewing the Toronto Stock Exchange 6-month chart from a technical analysis perspective.  The analysis shows that the recent channel upward has been significantly broken by last week’s dramatic fall in prices. Market prices have broken through two lower support levels and are now heading towards a 3rd support level.  Barring anything significant news on Greece, [...]

A lot of sentiment is saying that May is going to be a down month for the stock market and while it may be true, we should take a look at the technicals to see if the match up with the fundamental weakness that is permeating the emotions of investors. Both in the short term [...]

More downward motion in the stock markets over the past week. There was a lot of good news released during the week but the few misses were enough to scare off investors. I haven’t done any technical analysis on the site here in a while so I thought that with this clear trend downward we [...]