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Message: Venture & risk is back

Barring a severe down day tomorrow, the 50 day EMA will break above the 200. This completes the bullish MA sequence - Venture is above its 20 MA which is above the 50 which will be above the 200, and all moving averages are pointing higher. Very little resistance below 1200, so the odds favour a move to there in the next couple of months or so.

There are many areas of the markets that are strong - new all time highs in the Russell 2000 just 2 days after Russia invades Ukraine. A clear indication that the market wants to ignore bad news and is willing to put risk capital to work. This bodes well for the juniors, at least in the near term. Most of my money is in small stocks right now, because when they run, they give a good bang for the buck.

Of course, if the powers that be decide to start WWIII, all bets are off.....

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