Nicholas Winton's blog

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index continued its roller coaster ride last week, adding 19 points (all the points it lost the prior week) or 1.6% to close at 1189.82.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Talk about whiplash. The INK CIN followed its powerful-looking breakout and 14-point gain two weeks ago, with a strong correction last week. The Index shed 19 points or 1.5% and was tossed back under its long-term downtrend line and closed below 1180, its major resistance and nemesis for the last several months.

Updated - replaces earlier chart which was inserted by error

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last review, we noted the INK CIN was relentlessly hammering the major resistance band of 1180 which had imprisoned it for months- and had kept up its onslaught even as its attempts failed. Last week, the INK CIN landed a powerful knockout blow as it broke up and through 1180 and sailed straight up to finish at 1,189.370 for a 14-point gain.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN bounced off the lower boundary of its recently tightened trading range and closed 9.44 points higher, finishing at 1174.94.

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, which has been crawling at a snail's pace over the past few weeks, put forth another snail-like week, with minimal volatility. The Index closed down 1.5 points at 1165.5 and is about half a point ahead of where it was three weeks ago.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index showed us more of the same grinding action we've seen of late. After gaining 8 points two weeks ago, it shed 6 points last week to close at 1168.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week the Index continued to grind in a very tight range with minimal volatility though it did add 8 points to close the week at 1174.02.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week the Index popped up to highs at 1176 but couldn't hold those gains and slid to end the week at 1166.84, down 3 points for the week.

For those investors lamenting gold stocks for their being stuck in the mud for several months, it should come as a relief that we are now moving into the most bullish seasonal time of the year for gold. This 40-year seasonal gold chart shows that gold often sees final weakness just before August begins and then begins a torrid run of 8 to 10 weeks into October.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week was fairly quiet, and the Index held the previous week's gains fairly well, shedding just 4.3 points to close at 1170.66.