CDNX: The Next Big Wave Play?
Contributed Opinion

1. Sparc AI Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sparc AI Inc. 
3. Stewart Thomson: I, or members of my immediate household or family, own securities of: CNDX. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
4. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
5.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

Stewart Thomson Disclosures

Stewart Thomson is no longer an investment advisor. The information provided by Stewart and Graceland Updates is for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple properly licensed, experienced and qualified investment advisors and get numerous opinions before taking any action. Your minimum risk on any investment in the world is: 100% loss of all your money. You may be taking or preparing to take leveraged positions in investments and not know it, exposing yourself to unlimited risks. This is highly concerning if you are an investor in any derivatives products. There is an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off officially. The bottom line:  

Are You Prepared?

Big trending moves tend to be followed with big consolidations, even for undervalued markets like gold, silver, and mining stocks.

There certainly have been some fabulous trending moves (higher) in the metals and miners over the past two years, and investors are wondering what shape the consolidation will take…

And if there are some "hottie" plays to consider while the sideways drift plays out.

Well, for the senior and intermediate gold/silver producers, it's rare for numerous individual component stocks to rally while the ETFs go nowhere or decline.

For the CDNX, there are numerous opportunities that present themselves, but first… a look at the CDNX itself:

This is one of the biggest inverse H&S patterns in the history of markets. The implication is that years and maybe decades of higher prices lie ahead.

Having said that, the index has more than doubled over the past year. That alone necessitates a pause in the action.

Coupled with the fact that the index has arrived at the neckline zone (about 900-1100), a pause is almost "mandatory" here…

And it's in play now.

What about EWA, Elliott Wave Analysis? Well, I own the Captain Ewave newsletter, and here's a look at the daily CDNX chart, from the perspective of the "Captain" of the EWA ship:

Here we see the same type of consolidation/pause as with the regular chart… and a projection of incredibly high prices to follow!

What about some "leaders of the CDNX pack" during this consolidation? Well, here's a look at one that I brought to the attention of savvy Streetwise readers while the CDNX was drifting lower, Sparc AI Inc. (SPAI:CSE; SPAIF:OTCQB; 5OVO:Frankfurt):

Here's a look at it now:

Wow! The stock roared to my short-term target of CA$1.60, AND hit my medium-term target of CA$1.85!

Here's a link to the entire article I did on this technical marvel.

The exciting news, to finish this week in style, is that I have a new stock that I'll be bringing to eager Streetwise Reports readers very soon… a stock that looks just like Sparc AI did… right before blastoff!

All that's left to say… is stay tuned and have a great day! Thanks!

Special Offer for Streetwise Readers: Please send me an Email to freereports@galacticupdates.com and I'll send you my free "CDNX PMI Hotties On The Move!" report. I highlight key juniors in the CDNX Precious Metals Index (PMI), with buy and sell tactics included in the report! Junior mine stock investing isn't for everyone, especially with size, but as this gargantuan gold bull era rollout continues, these miners look set to outperform everything! I write my junior resource stocks newsletter 2-3 times a week, and at just $199/12mths it's an investor favourite. I'm doing a special pricing this week of $169 for 14mths.  Click this link or send me an email if you want the offer and I'll get you onboard. Thank-you!