The best investment opportunities usually present themselves when the market fundamentals & technicals align in the same direction. Such is the case with the Toronto Venture Composite Index (TSX-V):

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TSX-V_Daily_10.23.2013

The TSX-V is testing double-top resistance from May, if it can break above 972 it will trigger upside targets of 1020 and 1080. Perhaps more importantly, we will have the beginning of a nascent uptrend.

Gluskin Sheff Chief Economist and Strategist David Rosenberg agrees, citing the fact that the TSX Basic Materials Index "trades at a 40% discount to its historical average and a 35% discount to where it normally has traded in the past relative to the total market."

Throw in the fact that private equity firms (notoriously shrewd bargain hunting investors) have begun getting aggressive in the resource space and we have one of those rare moments in which the technicals & fundamentals are in near perfect alignment. Such opportunities usually do not last for long before the proverbial train departs the station.