New record high for JSE main market

Jamaica Stock Exchange main market surged past the 405,000 points for the first time based on the movement of the All Jamaica Composite Index on Tuesday aided by the prices of 20 stocks rising.
At the end of trading All Jamaica Composite Index advanced 2,242.60 points to a record close of 405,342.89 and the JSE Index rose 2,043.26 points to a record close of 369,313.24.
A total of 29 securities traded including 2 in the US dollar market, compared to 33 trading on Monday with the prices of 20 securities rising, 5 declining and 4 that held firm. The market closed with 4 new highs with three closing at a 52 weeks’ high and Radio Jamaica trading at a 52 week’s low of 90 cents.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and only 2 closing with lower offers.
The main market ended with 2,630,637 units valued at over $70,273,331 changing hands, compared to 3,284,901 units valued at $66,139,568 changing hands on Monday.
Trading closed with Sagicor Real Estate Fund accounting for 598,360 units or 22.75 percent of the day’s volume, followed by Wisynco Group with 522,434 units and 19.86 percent of the volume traded and NCB Financial Group with 211,075 units and 8 percent of the day’s volume.
Trading resulted in an average of 97,431 units valued at over $2,602,716, in contrast to 113,272 shares valued at $2,280,675 on Monday. The average volume and value for the month to date amounts to 1,022,243 shares valued $15,752,876. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Caribbean Cement rose $2 to finish at $50, in trading 157,526 shares, Grace Kennedy climbed $3 and ended trading 39,239 shares at a 52 weeks’ high of $63, Jamaica Producers rose $4 to close at 52 weeks’ closing high of $32, trading 59,422 stock units, JMMB Group gained 49 cents and ended at $32.99, with 150,136 shares trading, Kingston Wharves added $2 to close at $74, with 5,513 stock units changing hands, Mayberry Investments climbed 25 cents to finish at $8.50, with 93,300 stock units trading, Mayberry Equities rose 45 cents to finish at $11.45, trading 21,567 stock units, NCB Financial Group climbed $1.25 and ended trading of 211,075 shares at $130, while 138 Student Living rose $1.20 and finished at $5 while trading 10,000 stock units, PanJam Investment jumped 35 cents and ended at 52 weeks’ closing high of $64.85, while exchanging 76,624 stock units, Portland JSX climbed $1.15 and ended at $9.50, in exchanging 51,000 units. Sagicor Real Estate Fund jumped $1.89 to settle at $13, trading 598,360 shares, Salada Foods rose $1.20 and ended trading of 101,826 stock units at 52 weeks’ high of $20, Seprod traded 1,605 units after gaining 50 cents to close at $43.50, Scotia Group lost $1.10 trading 6,756 units to close at $60.90, Sterling Investments jumped $1 to end at a 52 weeks’ closing high at $24, with 22,457 shares changing hands and Supreme Ventures dropped $4.40 in trading 27,237 shares to end at $19.50.
Trading in the US dollar market closed with 70,385 units valued at $22,180 as JMMB Group 5.75 percent preference share concluded trading of 3,385 shares at $2 and Proven Investments traded 67,000 shares and rose 3 cents to close at 23 US cents. The JSE USD Equities Index advanced by 11.88 points to close at 172.91.

All Jamaica pushes pass 405,000

The main market of the Jamaica Stock Exchange continued to push higher in trading on Tuesday with the All Jamaica Composite Index hitting a high of 405,667.18 having risen by 2,566.89 points at 5 minutes past 10 am.
The market has since pulled back. The All Jamaica Composite Indextrades just over the 405,000 mark at 405,149.64 and the JSE Index at 369,137.17 and is up 1,867.19 after it hit a high for the day at 369,608.70 after rising 2,338.72 at 10.06 am. At the same time the Junior Market is just holding on to positive with a gain of 1.48 at 3,398.48.
Subsequent to the earlier trading, the main market has pulled back with the indices now in decline with AJI down 520.91 points to 402,579.38 and the JSE Index off 474.61 at 366,795.37.

Q4 off to record high for JSE majors

Stocks surged to new record high on the Jamaica Stock Exchange main market at the start of October, as the market opened, with the All Jamaica Composite Index jumping within 535 points of the critical 400,000 mark and with 35 minutes of trading, it climbed over 400,000 points for the first time.
At the end of trading All Jamaica Composite Index jumped 9,823 points to a record close of 403,100.29 after it earlier jumped 10,773.36 points with just 13 minutes to close and the JSE Index surged 8,949.87 points to a record close of 366,558.39 after trading higher to a record intraday high of 368,135.86.
A total of 33 securities traded including 4 in the US dollar market, compared to 32 trading on Friday with the prices of 10 securities rising, 12 declined and 11 held firm. The market closed with 3 new highs and Radio Jamaica trading at a 52 week’s low of 92 cents.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and only 2 closing with a lower offer.
The main market ended with 3,284,901 units valued at $66,139,568 changing hands, compared to 7,891,758 units valued at $231,891,130 changing hands on Friday.
Trading closed with Sagicor Real Estate Fund accounting for 1,221,240 units or 37.18 percent of the day’s volume, followed by with 342,484 units and 10.43 percent of the volume traded and with 252,932 units 7.70 percent of the day’s volume.
Trading resulted in an average of 113,272 units valued at $2,280,675 units, in contrast to 281,849 shares valued at $8,281,826 on Friday. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost 49 cents to close at $18.51, in trading 9,748 shares, Caribbean Cement rose 96 cents to finish at $48, in the trading of 8,500 stock units, Jamaica Producers rose $2 to close at 52 weeks’ closing high of $28, trading 10,364 stock units, Kingston Wharves lost $2 to $72, with 4,140 stock units changing hands, Mayberry Investments climbed 25 cents to finish at $8.25, with 32,181 stock units trading, NCB Financial Group climbed $3.75 and ended trading of 77,954 shares at $128.75, PanJam Investment jumped $6.50 and ended at 52 weeks’ closing high of $64.50, while exchanging 3,510 stock units, Sagicor Group gained 90 cents to settle at $39, in the trading of 157,640 shares. Sagicor Real Estate Fund dived $2.39 to settle at $11.11, trading 1,221,240 shares, Scotia Group rose $2 trading 64,186 units to close at $62.00, Sterling Investments jumped $1 to end at a 52 weeks’ closing high at $23, with 3,352 shares changing hands and Sygnus Credit Investments traded 12,500 shares and fell 50 cents to end at $12.50.

Trading in the US dollar market closed with 20,932 units valued at $7,170 as JMMB Group 5.75 percent preference share concluded trading of 2,500 shares at $2, Proven Investments traded 2,088 shares at 20 US cents, Sygnus Credit Investments US dollar based ordinary share traded 7,500 units but lost 1 cent to end at 10 US cents and Sygnus Credit Investments US dollar based ordinary share traded 8,844 units to end at 11 US cents. The JSE USD Equities Index declined by 0.63 points to close at 161.03.

Watch Grace this week

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Grace Kennedy could move up this week.

The main stocks of interest this week are Grace Kennedy, Stationery and Office Supplies, CAC 2000, NCB Financial, Caribbean Cream, Main Event, Wisynco and Berger Paints, most of these have limited supplies.
With the average PE of the market now exceeding a comfortable 15 times 2018 earnings and rising, stocks valued less than the market average, could see increased interest as investors look for bargains.
Bulls continue to push the Jamaican stock market, to new heights last week as low interest rates and good profits help push investors into stocks against the back ground of limited selling.
The supply of several of the main market stocks are extremely scarce and that is working in market favour to move much higher, before too long. There are several stocks priced well below the market’s average and that could encourage buying interest in them as well.
NCB Financial went sideways for around two weeks but bids started building close to the closing prices last week and that could help it move higher this week.
Grace Kennedy seems ready to break out of the $60 range as there is no supply on offer now. Caribbean Cement

keeps trading between $46 and $50, but there appears no real desire to move the price forward. Kingston Wharves has always had limited supply, so it could move higher going forward. Supply of JMMB Group have dried up and that could create the environment for the price to move higher.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below, but the 400,000 points resistance could likely stall the rally in the main market for a while. The Junior Market that traded recently at an all-time high, is being steered by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.

JMMB & Honey Bun now in IC TOP 10

Honey Bun and Medical Disposables are in this week’s Top 10 Junior Market stocks replacing Main Event and CAC2000. In the main market, Sygnus Credit and JMMB Group are back in the top tier stocks and out goes Stanley Motta and Sterling Investments.
Sterling Investments, a very long time TOP 10 listing hit a record $22.50 this past week, as investors continued to applaud the recently announced 3 for 1 stock split. In the Junior Market, CAC2000 closed at $15 and ended trading with no stock on offer. The stock seems poised for stock split, to create more liquidity and is set to trade higher this week with buying orders in for 139,000 shares at $15. The price of Stanley Motta climbed to $5.27 during the week from $4.81 in the previous week and exited the main market list.
Barita Investments and Berger Paints, long time TOP 10 listees, moved up in price during the week but still remain in the listing at position 7 and 9 respectively and could be out by the end of this week, if current demand continues.
Gains in the two markets are driving the PE ratio of the market higher with the overall PE for the Junior Market rising to 15 and the main market to 15.3 as the valuation multiple grows with historically low interest rates and high liquidity abounding in the financial market.
The PE ratio for Junior Market Top 10 stocks, average 9.3, similar to last week’s level, as the market continues to revalue the multiple higher, the main market PE is now 9.5, up from 9.1 last week, for the top stocks.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be, at 20 times earnings. The main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

JSE main market in big jump – Thursday

Sterling Investments jumps to a high of $19 after split announcement.

The Jamaica Stock Exchange enjoyed a big day on Thursday with gains of more than 4,700 points in the market indices as the prices of 13 securities rose and 7 declined and just 10 held firm.
At the close of trading, the All Jamaica Composite Index surged by 5,233.40 points to close at 387,990.29 and the JSE Index jumped by 4,768.22 points to 353,503.05.
Sterling Investments ended at a 52 weeks’ closing high at $19, PanJam Investment traded at closing 52 weeks’ high of $60 while Supreme Ventures close trading at a 52 weeks’ high of $17.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 4 closing with a lower offer.
A total of 30 securities traded in the main and US dollar markets compared to 34 trading on Wednesday with  Sagicor Real Estate Fund dominating trading with 264,879,865 units in the main market that ended with 269,506,497 units valued at $3,571,606,905 changing hands, compared to 117,820,162 units valued at $2,898,097,993 changing hands on Wednesday when JMMB Group dominated trading with 102,542,622 units and 87.03 percent of the day’s volume.
Trading resulted in an average of 10,365,635 units valued at over $137,369,496, in contrast to 3,681,880 shares valued at $90,565,562 on Wednesday. The average volume and value for the month to date amounts to 1,022,243 shares valued $15,752,876, compared to 579,751 shares valued $9,695,343 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Caribbean Cement shed $1.01 to finish at $49, in the trading of 29,872 shares, Jamaica Broilers fell 25 cents in trading 391,212 stock units, to close at $28.50, Kingston Wharves rose $1.70 to $72, with 2,000 stock units changing hands, NCB Financial Group climbed $3 and ended trading of 572,945 shares at $121, PanJam Investment climbed $3.76 and ended at 52 weeks’ closing high of $60, while exchanging 4,880 stock units, Sagicor Real Estate Fund gained $1.05 to settle at $13.05, trading 264,879,865 shares, Seprod lost $2.20 and finished trading 11,100 shares at $43, Sterling Investments gained 50 cents to end at a 52 weeks’ closing high at $19, with 290,741 shares changing hands Supreme Ventures gained 50 cents and ended at $17, as 291,464 shares traded and Sygnus Credit Investments traded 99,600 shares and lost $1.20 to end at $12.30.
Trading in the US dollar market closed with 48,266 units valued at $7,252 as 300 units of JMMB Group 6% preference share traded  at $1.06, Margaritaville traded 14,742 units and rose 1 cent to 20 US cents, Proven Investments traded 2,024 shares at 20 US cents and Sygnus Credit Investments traded 31,200 units and rose 1 cent to end at 12 US cents. The JSE USD Equities Index declined 0.25 points to close at 159.06.

JSE main market gains – Wednesday

Prices of 14 securities rose and 15 declined and just 5 held firm when the Jamaica Stock Exchange closed on Wednesday from 34 securities trading in the main and US dollar markets compared to 33 trading on Tuesday.
At the close of trading, the All Jamaica Composite Index advanced by 1,658.37 points to 382,756.89 and the JSE Index gained 1,510.97 points to close at 348,734.83.
Sterling Investments ended at a 52 weeks’ closing high at $18.50, PanJam Investment traded at an intraday high of $60 while Sagicor Real Estate Fund trading at a 52 weeks’ low of $10.68.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer.
The main market ended with 117,820,162 units valued at $2,898,097,993 compared to 24,501,665 units valued at $302,847,453 changing hands on Tuesday.
The day’s volume was led by, JMMB Group dominated trading 102,542,622 units and 87.03 percent of the day’s volume, followed by Sagicor Real Estate Fund with 10,177,834 shares accounting for 8.64 percent of main market volume and 138 Student Living with 3,333,334 units and just 2.83 percent of the day’s volume.
Trading resulted in an average of 3,681,880 units valued at over $90,565,562, in contrast to 844,885 shares valued at $10,443,016 on Tuesday. The average volume and value for the month to date amounts to 579,751 shares valued $9,695,343, compared to 387,743 shares valued $4,414,023 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed 84 cents and closed at $18 with 205,636 shares changing hands, Berger Paints rose 32 cents to $22.43, in exchanging 1,500 stock units, Caribbean Cement shed $1.51 to finish at $47.99, in the trading of 15,599 shares, Grace Kennedy rose $1 and finished trading 57,180 shares at $59, Jamaica Broilers jumped $2.75 in trading 73,741 stock units, to close at $28.75, Jamaica Producers rose 50 cents and finished trading 146,786 units at $27, Kingston Wharves dropped $3.70 to $70.30, with 10,470 stock units changing hands, Mayberry Investments lost 25 cents and settled at $8.25, exchanging 13,000 units, NCB Financial Group lost $2 and ended trading of 76,697 shares at $118, PanJam Investment climbed $2.74 and closed at $56.24, while exchanging 53,945 stock units, after it hit a 52 weeks’ high of $60, Sagicor Real Estate Fund gained 99 cents to settle at $12, trading 10,177,834 shares, Scotia Group lost $2 in trading 118,566 units at $60, Seprod lost $1.60 and finished trading 3,791 shares at $45.20, Sterling Investments jumped $1.98 to end at a 52 weeks’ closing high at $18.50, with 66,444 shares changing hands.
Trading in the US dollar market closed with 268,098 units valued at $69,579 as JMMB Group 6% preference share rose 6 cents completed trading of 18015 at $1.06 and Proven Investments traded 250,083 shares at 20 US cents after falling by 2 cents The JSE USD Equities Index declined 7.13 points to close at 159.31.

Large drop for JSE main market index – Tuesday

Scotia Group closed with the offer at $58, well below the last traded price.

Prices of 20 securities rose and 9 declined when the Jamaica Stock Exchange closed on Tuesday but a sharp fall during the day by Scotia Group, sank the main market indices by more than 2,800 points.
At the close of trading, the All Jamaica Composite Index diving 3,116.64 points to 381,098.52 and the JSE Index dropping 2,839.61 points to close at 347,223.86.
Market activities resulted in 33 securities trading, including 3 in the US dollar market compared to 32 securities trading on Monday. Sterling Investments jumped to a record close following an announcement of a proposed stock split and rights issue.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 7 closing with lower offers.
The main market ended with 24,501,665 units valued at $302,847,453 compared to 2,957,550 units valued at over $67,644,851 changing hands on Monday.
The day’s volume was led by, JMMB Group 7.50% preference dominated traded with 12,856,800 units and 52.47 percent of the day’s volume, followed by Sagicor Group with 3,109,728 shares accounting for 12.7 percent of main market volume and Wisynco Group with 2,530,222 units and just 10.3 percent of the day’s volume.
Trading resulted in an average of 844,885 units valued at over $10,443,016, in contrast to 101,984 shares valued at $2,332,581 on Monday. The average volume and value for the month to date amounts to 387,743 shares valued $4,414,023, compared to 360,577 shares valued $4,034,759 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Caribbean Cement climbed $1.50 to finish at $49.50, trading 10,500 shares, Grace Kennedy rose 83 and finished trading 412,044 shares at $58, Jamaica Broilers dropped $1.05 in trading 90,832 stock units, to close at $26, Jamaica Producers lost 50 cents and finished trading 1,102,131 units at $26.50, Kingston Wharves jumped $5 and finished at $74, with 3,626 stock units changing hands, Mayberry Investments lost 30 cents and settled at $8.50, exchanging 4,700 units, NCB Financial Group climbed $4.98 and ended trading of 132,380 shares at $120, PanJam Investment fell $3.46 and closed at $53.50, while exchanging 129,129 stock units, Sagicor Group gained 50 cent to settle at $39, in the exchange of 3,109,728 shares, Salada Foods ended trading 100 stock units and rose $1 to end at $19. Scotia Group lost $1 in trading 243,253 units at $62.01, Sterling Investments jumped $2.02 to end at a 52 weeks’ closing high at $16.52, with 28,864 shares changing hands,Sygnus Credit Investments traded 2,361,804 shares and jumped $1.67 to close at $13.72, Stanley Motta gained 46 cents to $5.31 trading 170,600 shares, Supreme Ventures added 50 cents and ended at $16.50 with an exchange of 25,610 shares and Victoria Mutual Investments lost 19 cents and concluded trading 168,538 stock units at $3.70 and Wisynco Group rose 25 cents and finished at $9.10, with 2,530,222 units.
Trading in the US dollar market closed with 110,523 units valued at $34,145 as JMMB Group 5.75% preference share declined by 1 cents completed trading of 10,845 at $2, JMMB Group 6% preference share lost 5 cents completed trading of 10,845 at $1.01, Proven Investments traded 66,878 shares at 22 US cents after falling by 1 cent and Sygnus Credit Investments USD Ordinary share traded 30,300 units losing 1 cent at 11 US cents. The JSE USD Equities Index advanced 4.42 points to close at 166.44.

JSE main market retreats on Monday

The Jamaica Stock Exchange main market closed, with the All Jamaica Composite Index losing 2,368.58 points to 384,215.16 and the JSE Index dipping 2,158.04 points to 350,063.47.
Market activities resulted in 32 securities trading, including 3 in the US dollar market compared to 31 securities trading on Friday. The prices of 10 stocks rose, 11 declined and 11 closed, unchanged.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer.
The main market ended with 2,957,550 units valued at over $67,644,851 compared to 10,467,731 units valued at $82,276,433 changing hands on Friday.
The day’s volume was led by, Wisynco Group with 1,164,093 units and 39.4 percent of the day’s volume and Scotia Group with 243,253 units.
Trading resulted in an average of 101,984 units valued at over $2,332,581, in contrast to 348,924 shares valued at $2,742,548 on Friday. The average volume and value for the month to date amounts to 360,577 shares valued $4,034,759, compared to 376,915 shares valued $4,149,025 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $17 trading 23,551 shares, Grace Kennedy lost 83 and finished trading 94,795 shares at $57.17, Jamaica Broilers dived $5.44 in trading 68,512 stock units, to close at $27.05, Jamaica Producers gained $2.45 and finished trading 23,000 units at $27, Kingston Wharves declined $3.50 and finished at $69, with 7,519 stock units changing hands, Mayberry Investments gained 80 cents and settled at $8.80, exchanging 5,632 units, NCB Financial Group climbed $4.92 and ended trading of 157,027 shares at $115.02, Sagicor Group gained 50 cents to settle at $38.50, in the exchange of 162,322 shares, Salada Foods ended trading 100 stock units and rose $1 to end at $19. Scotia Group lost $1 in trading 243,253 units at $62.01, Sygnus Credit Investments traded just 2,350 shares but lost 95 cents to close at $12.05, Supreme Ventures fell 45 cents and ended at $16 with an exchange of 81,842 shares and Victoria Mutual Investments rose 25 cents and concluded trading 101,842 stock units at $3.89.
Trading in the US dollar market closed with 39,200 units valued at $14,546 as JMMB Group 6% preference share rose 1 cents completed trading of 10,000 at $1.06, Proven Investments traded 7,500 at 22 US cents after falling by 1 cent and Sygnus Credit Investments USD Ordinary share traded 21,700 units losing 1 cent at 11 US cents. The JSE USD Equities Index lost 4.92 points to close at 162.02.

Several stocks to watch this week

NCB Financial stock closed at $110 after hitting $125 on Friday.

The main stocks of interest this week are Stationery and Office Supplies, CAC 2000, NCB Financial, Caribbean Cream, Main Event and Wisynco, most of these have limited supplies.
Barita Investments that was highlighted as a stock with main stock to watch this past week, moved $12.95, to end at $18.50 after it traded as high as $19.50. The movement in the price resulted in Cornerstone more than doubling their investment in the company within a short time frame. While it is not listed as a lead stock to watch this week, the stock has much more room to grow over the coming months as demand increases and supplies decline as the potential for much increased profit unfolds.
Bulls pushed the Jamaican stock market, to new heights last week, with the main market having 12 straight days of record highs and the Junior Market moving to new highs as well.
The main moved within 1,600 points of the All Jamaica Composite Index 400,000 points last week but pulled back from what is a major resistance point. The supply of several of the main market stocks are extremely scarce and that is working in market favour to move much higher, before too long. There are several stocks priced well below the market’s average and that could encourage buying interest in them as well.
Investors should keep their eyes on a number of stocks as some may move and others may trade in a narrow band. NCB Financial closed on $110, could move higher but there is a big gap between the offer prices and the bids and this seems likely to maintain volatility in the price for a while.
Grace Kennedy may not be ready to break out of the $60 range as yet but it’s a stock to keep an eye on. Caribbean Cement keeps trading between $46 to $50, but there appears no real desire to move the price forward. Kingston Wharves has just 9,700 units on offer up to $75, with 200,000 on the bid at $68.51, so it could move back to the $75 price this week. Supply of JMMB Group have dried up and that could create the environment for the price to move higher.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below, but the 400,000 points resistance could likely stall the rally in the main market for a while. The Junior Market that traded recently at an all-time high, is being steered by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.