Agoracom Blog

Seasonal run in the $TSXV coming?

Posted by justiceisfalse at 7:57 AM on Wednesday, August 15th, 2012

A variety of market commentators have come out in the last week or so with opinions that the $TSXV is about to enter it’s regular seasonal bull run which traditionally occurs from September to February. The best empirical data I have seen so far is this piece from Canaccord ( cropped file here: JMW_08142012crop).

When I look at the daily chart, it certainly see selling pressure has waned, but I would like to see a close above the 1211 mark on volume. The weekly chart is also looking to get out of over-sold territory. What will the catalyst be to begin the run?

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