Venture is now sporting a 7 week uptrend, longest since its peak in 2011. Daily 20 MA has crossed the 50. Previous crosses in March 2009 & Aug 2010 led to multi-month rallies. Weekly MACD on a buy - previous occurences Dec 2008 & Aug 2010. Current volume patterns are similar to the early stages of the 2010 rally. We may get a bit of a stall soon - we are close to resistance in the 1680-1700 range, and the US markets are significantly overbought.

Speaking of US markets, technology & small caps are leading the rally - exactly as one would expect. In fact, Nasdaq has closed at a new 11 year high! This is not the action associated with a bear market. Markets have stayed overbought, without any significant pullback so far. The next pullback would probably be a buying opportunity.

So it all looks pretty good. As long as the overall markets remain positive, juniors should continue to do very well. Personally, I was just planning to play the Santa Claus rally and raise cash, but I've been buying as well as selling. I think the odds favour a continuation of the rally into the spring.