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 initially popped higher last week, rising 12 points or 1% as it reached an intraday high of 1147.38 midweek. The Index then followed the major North American markets and fell hard on Friday, shedding 20 points or 1.8% for the week, closing at 1115.30.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. My speculation in our previous update was that the Index was likely retreating in order to generate some pessimism that would allow it to advance. Last week, the Index did seem to find new life and jumped 20 points or 1.8% and closed at 1135.41 for one of its biggest weekly rallies in a number of weeks.

The INK Canadian Insider Index initially rallied last week, but soon found resistance at its top Bollinger band in the 1130-1135 area (marginally exceeding its previous August high of 1132.73) and ran out of steam, ending its week down 14 points or 1.2% with a close at 1115.40.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had a quiet summer week, advancing 0.30% and closing at 1123.36.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index continues to undulate higher with occasional bursts and pauses, as it first shot up to make a new intraday high at 1132.73 on August 11th and then dipped to 1120 as the week ended, gaining 4 points since our last update.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index spiked to a new 2016 intraday high of 1122.28 last Monday and then took a bit of a breather later in the week, closing down a modest 1.4 points at 1116.39.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index followed our analysis when it completed a two-week long bullish consolidation at the 1100 level before it finally bulled ahead and notched a brand new 2016 closing high of 1117.78 a gain of 17.5 points or 1.5%.

The INK Canadian Insider (CIN) Index added a miniscule three points last week to close at 1100. However, the chart tells a much more bullish story.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index enjoyed another rally, as it briefly crossed the 1100 level and rose 13 points or 1.12% to close at 1097.15 after setting a year-to-date high of 1105.94 on Wednesday. 

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last update, we noted the bullish implications of the Index's stunning 35 point reversal following its late June plunge, closing just under its 20-day moving average at 1261. Last week, the Index took that momentum and ran, melting up 2% or 23 points, and, having closed at 1084.58, the Index finds itself just shy of its 2016 high of 1094.72.