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Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. This is our first update since Dec 17th when the INK CIN was locked in a vicious sell-off (along with many stocks and indices) and closed at 1017.93. Back then, we surmised that we were in the "throes of a capitulation-type move" but also that Canadian stocks have historically been very bullish from about December 22nd. The Index then went on to bottom on Dec 24th at 986.80 as tax selling reached a crescendo. Since then, the Index has rallied 64.8 points or 6.6% to close last week at 1051.64 alongside climbing gold, silver, and world markets.

The anti-establishment movements such as what we have seen in France and Italy are growing and will continue into the New Year says Gerald Celente from the TrendsJournal.com. In a wide ranging interview with Jim Goddard on This Week in Money, Celente also suggests weakness in the housing market is a bad omen for the entire economy.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index resumed its rapid downhill sleigh ride.  The Index opened lower last week and after being unable to break above 1050, continued to head down, influenced by world market weakness and tax loss selling (which ends December 27^th for Canadian stocks).  The Index tumbled 32.71 points for a 3.1% loss.

In his latest interview with Jim Goddard, economist Mish Shedlock notes that all the major US indices are in correction mode and warns about a bear market that could last for years. 

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In his latest Howestreet.com broadcast with Jim Goddard, INK CEO Ted Dixon worries that the Fed is looking backwards at positive US economic data instead of forwards at warning signs such as housing. If the Fed does not hold up on its rate hikes, they risk going too far. American insiders and stocks in the U.S. Financials sector are still not confirming a base in share prices and the Fed is probably one of the reasons why.

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Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index followed through on its late-week bounce from the prior week and soon ran 16 points to 1093.40 on Monday. However, with tax loss selling and wild volatility continuing in US markets, those early gains were short-lived and the Index sliced through all levels of support down to a new 2018 low at 1050.64, losing nearly 17 points or 1.6%.

Updated - Bear market forces are building according market historian Bob Hoye from ChartsandMarkets.com. In his latest interview with Jim Goddard, Hoye points out that the world stocks outside of the US hit their highs in January, the month after the bitcoin bubble blew out. Those peaks foreshadowed the setup for a potential bear market in stocks.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index slid as far as 1059.22 for a 25 point decline before fighting back strongly, to finish the week down just 5 points at a close of 1077.52.

INK CEO Ted Dixon remains skeptical that a meaningful floor has been established for stocks this fall. On the other hand, a bullish set-up for gold stocks is continuing. Those were the key takeaways from his latest interview with Jim Goddard published Thursday night.