The Canadian Insider blog discusses news and insight found among executive and significant shareholder filings in Canada.

Follow Nicholas Winton who runs for market insight and great stock ideas.

Follow the smart money in the mining industry with the Power Prospectors blog.

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Number Cruncher: The silver-lining strategy - focus on value

What are we looking for?


We want to screen for the 10 highest ranking stocks listed on either the NYSE or Nasdaq.

Rankings are determined by the INK Edge V.I.P. criteria (valuations, insider commitment and price momentum). This is the same approach we apply across the broad market to determine membership for the INK Canadian Insider Index, which is used by the Horizons Canadian Insider Index ETF (HII).

INK Canadian Insider Index seeks bottom around 900 level

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us in a technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. It's been a gruelling few weeks for stock markets worldwide, and Canadian stocks were no exception. The INK CIN Index has fallen 9% since running into resistance once again at the 1000 level in late December.

INK Canadian Insider Index re-testing the bottom of its box pattern

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter
Thank you for joining us for a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last update, we reiterated how tough a time the INK CIN Index has had breaking up through the 1000 level which it once again found itself pressed up against. With traders back in the saddle last week, volume proved to be no ally, as momentum wilted and we saw another breakout attempt fall short.

Banro bounds to the top of its Bollinger bands

This morning we revisit Banro Gold Corp (BAA) which we last featured in October of last year. The small gold-producing junior is worth watching for its formidable relative strength. Banro has been among the strongest resource stocks since late December, rising 25%. This move has been all the more impressive when you realize Banro has outperformed the price of gold by a measure of 5 to 1 over the same period.

As we review, here's looking at U

In this blog we're going to look back at a few stock ideas we've presented over recent months - and give our view on how they look going forward.

We should first start by saying that the view we shared in late summer was that the US market (a great influence on our Canadian markets) would rise during fall of last year. In reality, the US market and many world markets, after making a sharp correction in August, have rebounded and moved sideways for months. The inability of markets to make headway, along with the great amount of volatility, have fed into investor fear and dampened sentiment, creating conditions that may very well allow markets to surprise to the upside.

1000 remains key level for INK CIN Index to overcome

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us in a technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last update of 2015, with the Index trading under support 1000 and its momentum indicators pointing downward, we suggested the Index might need to correct down to its lower Bollinger band in order to put in a bottom, just as it did in late August. It's interesting that the Index did just that, dropping just below its lower Bollinger band at 960 before rising nearly 4%.

Number Cruncher: Fifteen stocks only a Santa contrarian could love

 What are we looking for?

We are in the traditional Santa Claus rally season when stocks tend to rally after tax-loss selling abates.

Since beaten-down shares are prime candidates for a Santa rebound, today we are looking for the 15 top ranked INK Edge names that have the worst price performance. While there is no guarantee that the Grinch won’t steal the show and send stocks lower, today we assume that Santa will arrive on schedule.

Canadian mid-caps edge out US peers year-to-date in local currency

This morning we are doing a brief review of the major themes that we started out 2015 with in both Canada and the US. Our next market commentaries for INK subscribers will be on January 4, 2016 for Canada and January 6, 2016 for the US market when we take a look at what insiders are signalling for the New Year. We will, however, continue to update subscriber report pages in the meantime with changes in our indicators.

We started off 2015 noting that insiders in Canada were upbeat with respect to valuations offering the prospect of both a decent year for stocks and outperformance over the US. In contrast, we noted insiders in the US remained downbeat on valuations suggesting a patient approach to American equities was in order. While insiders were suggesting that valuations in the US Energy sector were improving, we warned that the potential for future losses could not be ruled out. Unfortunately, for investors in the sector, that turned out to be the case.

Clearly, it was not a sunny year for Canadian stocks in 2015. However, developments in the Canadian market were not nearly as horrible as the headline benchmark would suggest. While the S&P/TSX Composite Index has dropped 10.99% year-to-date compared to the S&P 500 Index off 2.59%, Canadian mid-cap stocks as measured by the INK Canadian Insider (CIN) Index have not had it as bad, falling 4.59% (all returns are on a local currency price basis).

INK Canadian Insider Index staring at downward momentum

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us in a technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last update, we observed that even a small burst of upside energy could lift the INK CIN Index above the 1000 level, clearing a line of resistance that extends downward from mid-October.

Does Claude have the clout to break out?

Thank you for joining us in a technical look at Claude Resources (CRJ). Claude Resources is a junior gold producer that recently reported record production. There are several factors that make the company an interesting speculation.


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