High on the Hog

Thank you for joining us in a technical look at Bombardier (BBD.B). The company has a very intriguing chart. As you can see, Bombardier shares have been locked in a long sideways consolidation since they bottomed in late-August around $1.10.

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

Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index.

Despite the Paris attacks and extreme negative investor sentiment, the INK CIN Index bounced off its lower Bollinger band, as we suggested was likely. The bounce has so far been modest, clocking in at around 2%. More importantly, the index still remains under the key 1000 level. The Index needs to make some headway this week in order to avoid having the 1000 level join 1020 as another tough-to-crack resistance level.

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

Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our last update, the CIN Index has been fairly quiet, initiating only a small rally to its 1020 resistance level before retreating back to its 1000 support. Its technical indicators MACD and RSI read neutral - seemingly waiting for the next market catalyst to drive their direction.

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. A week ago, we saw the CIN Index seemingly sag after failing to hold the 1020 level for more than one day. Since then, we can see the Index parlayed its downward force into upside thrust as it bounded off its 50-day moving average, solidly clearing 1020 support.

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

Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index.

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

Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last update, we suggested the Index was buying itself time to build momentum when it pulled back to its 960 base and expanded its box consolidation pattern.

In looking at start the start of October, we entered a period which began under a great deal of negative sentiment thanks to the volatility of the last few months and the financial media which always seem ready to trot out annual comparisons to October 1987 or various analogs to the 1929 stock market crash. We see this as a very bullish backdrop from a contrarian point of view. In fact, we are already seeing increasingly bullish signs across North American financial markets. The S&P 500 and Dow Jones Industrials have thumbed their noses at the mainstream media as they have risen 5% in the last week alone, one of the best starts to October ever!

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

Thank you for joining us for our weekly technical look at the INK Canadian Insider Index. In our last update, we observed the Index was locked in a very tight range between 980 and 1020 and that converging trend-lines would soon force it to make a move.

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

Thank you for joining us in our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our last update the INK CIN Index has maintained its resolve and has refused to break down. In fact, having bounced off the 985 level, the Index is making incrementally higher lows and continues to consolidate ahead of a final resolution (shown by the two converging black lines). What's more, even though its Relative Strength Indicator has not climbed above the 50 level (which I think is needed for a breakout), its RSI is also quietly and bullishly, making higher lows. Meanwhile, it's the same story for the Index's MACD signal which bottomed in late August and has climbed steadily ever since.