High on the Hog

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Nicholas Winton runs gohht.com and is an independent Toronto-based stock researcher and forecaster. His objective is to identify resource companies that have a high degree of upside or downside potential within specified time frames. To build his forecasts, Nicholas analyzes stocks and commodities using his proprietary forecasting tools. The key driver of his process are "Alpha Signals" which generate a window of time forecast when moves are anticipated to occur. Nicholas also uses sentiment and insider behaviour to further enhance his selection and decision-making process.
 
Through Hedgehogtrader.com Nicholas publishes a number of resource advisory newsletters available by subscription including his flagship publication, Hedgehog Trader Newsletter and his micro-cap newsletter Hedgehog High Roller. Nicholas provides custom consulting work for investment funds and high net-worth individuals pursuing growth situations. You can follow Nicholas on twitter where he often posts comments on gold and silver along with market predictions.

INK CIN Canadian Insider Index rallies 1%, momentum indicators remain strong

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our last update, the CIN Index continued its climb, rising 11 points or 1% and it even reached a high of 975.76, before closing the week at 971.69. The close on Friday was a bit negative, as it closed down over half a percent from its highs and left a reversed hammer pattern. However, we did see a similar reverse hammer pattern on Feb 22nd and it simply led to a 2-day pause before the Index made a new multi-week high.

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.

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%.

INK Canadian Insider Index staring at downward momentum

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, we observed that even a small burst of upside energy could lift the INK CIN Index above the 1000 level, clearing a line of resistance that extends downward from mid-October.

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