Nicholas Winton's blog

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

A double bottom for the INK Canadian Insider Index?

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

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index pulled back steeply to the 900 level, which we've been noting as a key support, before closing last week at 921.70. While its initial momentum has definitely dissipated with a drop of nearly 3% since our last update, a pullback to 900 was not unexpected as a re-test is often required before we can see an advance play out.

INK Canadian Insider Index continues slow recovery

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

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 Index paused, shedding 5 points or 0.5% after racking up an almost 7% rebound from its lows where it gapped up twice in the span of a week.

INK Canadian Insider Index continues climb, tacks on 1%

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

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN Index, fresh on the heels of a powerful reversal (along with other rising world markets) continued its forward momentum and rose nearly 10 points or a modest 1% this week to 945.49, clearing its 20-day simple moving average at 937.3. The Index bullishly gapped higher when markets opened on Friday morning, and by day's end the CIN index found itself 6.8% off its January lows.

Are Silver Standard Resources investors up for a silver surprise?

Thank you for joining us in a technical look at charts of INK CIN Index member Silver Standard Resources (SSO) and the price of silver.

If there has been a commodity that has shined bright during the last three months of market turmoil, it's silver. It has been trading in a sideways consolidation pattern between $13.50 and $14.50 since mid-November.

INK CIN Index makes bullish hammer pattern, rallies 5.7% off lows

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

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 theorized the INK CIN Index would find a bottom around the 900 level since it based in that area for a few months during 2013. As it turns out, the Index did use this level as a springboard, after completing a capitulatory bottom which saw it fall as low as 885 intraday on January 20th, piercing below its lower Bollinger band. Later the same day, the chart completed a bullish hammer pattern, when the CIN Index closed the day with a small gain after making an impressive reversal 2.4% above its lows. We then saw two more positive days of gains, including Friday where the index bullishly 'gapped up' at the open and closed strongly near its highs.

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%.

Pages

Subscribe to RSS - Nicholas Winton's blog

Join the discussion in INK Chat!