Nicholas Winton's blog

Perhaps it was no surprise with a pivotal US Federal Reserve interest rate decision pending, but hard assets were taken down 'hard' last week. Copper, gold, silver, platinum and oil crumpled heavily, and reached oversold conditions not seen in months, even years. However, experience suggests whenever multiple commodities hit the ground hard in unison, it is really an opportunity cloaked in panic. When I studied my own forecasts and saw they lined up well with this panic bottom idea, I began to focus on some resource stocks with star power.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index which appeared to have slowed its descent a week ago, was unable find its footing and spiralled downward once again. The INK CIN came to rest at 1161.93 for a loss of 19.36 points or 1.6%.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Following a heavy 27.74 point or 2.3% drop two weeks ago, the Index stemmed much of its negative momentum and lost 'just' 1.3 points when it closed on Friday at 1180.52.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index rose to a brand new intraday high of 1217.19 but simply could not break through that 1215-1218 wall of resistance which has capped it on its last 5 attempts. The Index then suffered a 27.74 point or 2.3% reset as it fell to 1181.88, which included a 1.37% pasting on Friday.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index powered ahead 9.19 points as it completed the bullish 'W' reversal pattern as we had previously suggested, to close at 1209.62. What's more, the Index exceeded its previous high of 1213.42 with a new intraday high of 1216.11 and established a brand new all-time closing high of 1214.94.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Early last week, the Index continued to trade in a tight range and then on Wednesday dipped to 1180 or 8 points short of its 50-day moving average (1172) before closing strongly near the day's highs. By doing so, the Index is carving out a double bottom pattern and so far this has been confirmed, for the Index went on to gap up and rise 13 points or over 1% over the last 2 days to close at 1200.27 for 7 point gain on the week. The Index's latest chart action is starting to look very promising indeed.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index completed a small correction that had begun the week prior with a visit to a low of 1178.25 before rebounding back above its 20-day moving average (1188.84). The Index closed the week down about 5 points at 1193.32.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index made a new high above 1200 (1213.42 on an intraday basis) before turning back down. The Index closed up 10 points on the week, finishing a hair under 1200 at 1198.20.

This week, we look back at past stock ideas from my November blog on what was a hated, unpopular and out of favour sector, uranium.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index, which started the week by dipping down close to its 20-day moving average before bouncing back, actually slid 2 points to 1188.75.