High on the Hog

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index pulled back as low as 1225.65 before bouncing to finish the week at 1237.59 for a gain of 1.15 points.

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 slid hard once it was unable to advance beyond 1270, slicing through support and tumbling as low as 1227.97. By week's end the Index found itself at 1236.44 for a loss of 27.16 points or 2.1%.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index continued the late week bounce from the week prior, adding 8.5 points last week to close at 1270.90 for a gain of 0.7%.

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 fell further while following the precipitous path of copper and other commodities, plunging as low as 1239.97 before rebounding into the end of the week at 1262.38 for a loss of 6.9 points.

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 formulated that a summer bottom was being hammered out by the Index. After all, the INK CIN hadn't traded meaningfully below 1280 since April. However, as the week began, that idea quickly ran off the rails as Canadian indices tumbled on reports that the government of Saudi Arabia had ordered its institutions to dump Canadian stocks after receiving Canadian criticism for their arrest of human rights activists. The Index fell further as the week continued, including a 1% drop on Friday when one of its constituents, AutoCanada, took a 27% plunge (impacting the Index 0.46%). By week's end, the INK CIN dropped 21.51 points or 1.7% and closed at a multi-month low of 1269.28.

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 marked its second consecutive positive week in a row with a gain of 6.6 points, closing at 1290.79. There was very little in the way of volatility and the Index appears happy to grind along slowly in a bid to put in a summer bottom.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, with momentum on the wane the INK CIN gave its 200-day moving average at the 1280 level a strong test, and held its own, closing above 1280 on all but one occasion. When the Index did draw back, it plunged to the lower Bollinger band at 1275.27 before quickly rebounding to finish the week at 1284.15 for a modest gain of 1.19 points.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Early in the week, the Index bolted nearly 20 points higher and closed at its week high of 1317.05. Despite retracing some of those gains, the Index managed to close above the key 1300 level every day of the week for the first time in a month and gained 11.6 points or nearly 1%.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had another week of what I would consider a continued sideways consolidation. The Index made a push higher but was turned back at a high of 1304.89 and ended the week down a nominal 3.47 points at 1297.20.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Despite appearing ripe for an advance based on the Index hugging the 1300 area for a couple of weeks in a row, the Index slipped last week. The INK CIN fell as much as 22 points to 1288.60 on an intraday basis (a shade below its lower Bollinger band), before scrambling to finish the week at 1300.67 for a loss of 12 points or nearly 1%.