Nicholas Winton's blog

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index gapped up as the market opened and put a sudden stop to its downswing, regaining the 22 points it lost the week prior, and closed at 1174.92.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index saw its woes resume during holiday-shortened trading, sliding 22 points to 1152.59.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the heavily oversold Index got a bounce as we had expected, rising 24.63 points or 2.1%, nearly erasing the 2.5% loss the week before. In doing so, The INK CIN managed to close back above its key 200-day moving average at 1171 and its lower rising trend-line at 1161

A brief uranium note before we start this blog: a couple of weeks ago, I pondered whether uranium was oversold enough for a big rally. Since then, we've seen some positive signs. First, Uranium Participation (U) the tracking stock for the price of uranium climbed to a 3-week high. And Cameco (CCO) the world's largest uranium producer looks to be carving a bottom and has held its ground in the $12 area for about 2 weeks. As well, Nexgen (NXE) shares have made an impressive U-turn in the past few days. But we don't have an all-clear signal just yet. That's because the uranium sector needs Cameco to take the sector lead (and cross above its 200-day average) ahead of any uranium sector rally, so it's a stock worth watching closely. Finally, junior producer Uranium Energy Corp (UEC*US) which I wrote about in that blog, received confirmation this week that they will be added to the Russell 3000 Index later this month (as well as either the Russell 2000 or Russell 1000).

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. What a difference a week makes. Not surprisingly, the Index ended its period of low volatility and its tight trading range once the Federal Reserve hiked rates 0.25% last week. The INK CIN which had displayed signs of building bullish momentum in weeks prior, stumbled hard last week and, on its way down, sliced easily through its 200-day moving average support at 1161.80. The Index came to rest at 1149.79, near the lows of the week, for a loss of 30 points or 2.5%.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index traded in a very tight 10 point range between 1174 and 1184 as volatility now seems to have vanished over the last 3 weeks of trading. The Index closed the week down 4 points at 1180.2.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had another seemingly quiet week as it managed to add 9 points as it closed at 1183.90.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index made a brief foray that was turned back at the 50 and 20-day moving averages (1182-3) and otherwise looked pretty flat during the Victoria Day-shortened trading week. The INK CIN closed at 1175, for a small 3.9 point decline.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index looked to be building up a healthy head of steam in our last update. Its newly acquired momentum helped it charge toward the 1200 level, but the major resistance zone swatted the Index away with ease, and the INK CIN endured a quick free-fall to its 200-day moving average at 1157. The Index ended up bouncing 20 points at week's end to finish at 1178.90 for a loss of 9 points on the week.