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 Index boosted itself higher, as it first cleared its 50-day moving average at 1182.89 and then bounded 12 points or 1% higher, to end at 1195.45.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index managed to successfully retest its 1150 support and bounded up and through its 20-day moving average at 1166 on its way to close at 1183.38 for a 1.7% or 19.5 point gain.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index managed to steady itself for a second week in a row, though it did shed a miniscule 0.34 points, closing at 1163.86.

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 snapped a multi-week losing streak, albeit with a small weekly gain. The Index rose 2.27 points as it closed at 1664.20. The Index now finds itself about 53 points or 4.3% off its February highs.

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. 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.