Canadian Penny Stocks Blog

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 [...]

There are always going to be down days on the stock market. The reality is that with every up there’s a down lurking somewhere around the corner. Today was one of those days with the TSX and Dow dropping well over 100 points each. Is it time to pack it in, sell everything and head [...]

The stock market is continuing its stretch of volatility and shows no signs of easing. The announcement from Ben Bernanke today did nothing but bad things to shake the confidence of investors. With the TSX sitting at around 11,500 there are little indications to show support to move higher. Naturally the overall stock market isn’t [...]

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 [...]

It’s been a while since there’s been a couple Canadian penny stocks ideas here so I thought it was time to try and bring back the quick picks to the blog. These stocks mentioned here aren’t always ones that are expecting explosive growth. They are simply stock ideas that came to my attention and may [...]

With all of the volatility in the stock markets these days many investors are wondering just why they are investing in the stock market in the first place. Penny stocks are a land of true volatility, but when the entire market is reacting the same way is it time for you to consider an investment [...]

Do you have an iPhone? If so, then you have, in the palm of your hand, a great platform for building up the information you need to know to be a successful investor. There are a lot of business and finance apps available for the iPhone both paid and free. While the paid applications generally [...]

Although only coming across this company recently, it’s really interesting work they are doing. I’m a strong supporter of companies that are coming up with innovative ways of beating cancer. Ones that are showing signs of progress and adoption are worth looking into for investments. The headline from a press release in January really says [...]

Since the last post on technical analysis, a trillion dollar bailout happened in Europe and drove the markets wildly higher and have since been pulling back and have a lot of people talking about a double-dip recession. Clearly volatility is high and will continue to be so in the foreseeable future. The other big news [...]

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, [...]