Penny Stock ResearchThe Truth About Penny Stocks

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Hi, My name is Aaron and I‘m with Penny Stock Research, today were

reviewing our recently published article…

Are These The Best NASDAQ Penny Stocks?

Are You Watching These Penny Stock Charts!

Ok. Let’s look back in time…

Not far, just go back with me about 3 months.

Back in Early March I wrote an important article about a particular penny stock

chart every trader needs to watch. That article: What Stock Charts Technical

Analysis Can Tell Us About The Penny Stock Markets touched on some

important topics.

Here we are a few months later… and it’s time to refresh the chart and take a look.

If you remember… the best sources to track the overall performance of the

penny stock market is the Russell 2000 index.

It’s not perfect… it tracks lots of stocks that are way too big for our penny stock

investments.

However, it’s the closest thing we have to a penny stock index. And it has a long

track record.

The Simple Way To Review Penny Stock Charts

As you know, there are thousands of ways to do technical analysis… and I like

to keep it simple.

I watch the index and its 200-day moving average to track the overall trend in the

market. And every few weeks I look back at the data to make sure I didn’t miss

anything.

Back in march the 200 day moving average had just started trending

higher…

The upslope was undeniable. After a few months of sideways trading… the trend

ticked higher…

And I said: “We still have room to run on the markets for Penny Stocks!”

And I was right. The market climbed from 1228 to 1257 where it sits as I write this article. That’s a 2.3% gain in just a few

months.

Just look at the chart…

So What’s This Penny Stock Chart Mean For The Future Of Penny Stocks?

Ask yourself, what’s the future of penny stocks?

Many will look at the chart and say, we’ve gotten ahead of ourselves. The market is

too high and ready for a pull back.

Why? Because if you look at the index it’s trading a solid 70 points above the

200 day moving average. Many may think that’s too much.

Are they right?

Maybe… maybe not.

Just look at this $RUT chart from 2013.

As you can see, in early 2013 the index surged above the 200 day moving

average and continued trading higher… and higher… and higher… for almost 16

months!

If you got scared out of stocks because the index was trading too high, you

missed a massive run in penny stocks.

Might we see the same thing here?

It’s impossible to tell… but I will say this… the trend is higher and until we see

it break down and head below the 200 Day moving average… my bet is for penny stock to continue to thrive!

What Do You Think?

You see the chart… you see the data and the news.

Do you think we’re poised for a pullback?

Or… Are we going to surge higher?

What do you think? Let me know… comment on the blog below.

Good investing….

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