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The second half road to nowhere

by Ted Dixon, Canadian Insider

(Originally published on July 8, 2020)  - Today we are going to focus strictly on interpreting what our US insider sentiment indicators are now signalling. Our key US Indicator which measures sentiment towards the average stock in America has firmly established a bottoming pattern. That means insider buying has bottomed out, typically a short-term bearish signal as such a pattern often happens near market tops. Moreover, we have seen above-average insider profit-taking in dollar terms. This has taken place right before many firms enter insider trading blackout periods. In plain English, that means insiders are taking money off the table while the going is good.

The major risk to our bearish signal is the possibility that insiders are early. Last week, we suggested that the June 8th S&P 500 high of 3,233.13 is going to be a tough nut to crack. We still believe that to be the case. However, we cannot rule out one last gasp higher before a correction. From current levels, we expect, at best, average real returns from US stocks over the next year.

INK Edge Highlights

A sample from INK Research's INK Edge list
Transcontinental (TCL) has notable insider buying
Thomas Gaston Louis Morin, a Senior Officer, acquired 1,816 Subordinate ...
Last updated: Thursday, July 09, 3:38 am

Top Buys and Sells Past Week

TSX and TSXV stocks with most insider sellings in the past 7 days
*Real-time data source: Nasdaq, CXC and CX2

Winner's Circle

A look at stock with positive momentum & insider buying
Lion One Metals Limited (LIO)
Subindustry: Junior natural resource -- Mining
On July 5, 2019, we highlighted strong net insider buying at Lion One Metals (LIO) in our Morning INK Report. The stock has moved up 100.00% since the report date, and insiders have been net sellers of 50,000 shares. Visit the company page to see who has been active.
Source: INK Research

Company News Feed - CA

Jul 09, 2020 11:18 ET
IIROC Trading Halt - NEPT
TORONTO, July 9, 2020 /CNW/ - The following issues have been halted ...
Jul 09, 2020 10:53 ET
IIROC Trading Resumption - NBY
VANCOUVER, BC, July 9, 2020 /CNW/ - Trading resumes in:
Jul 09, 2020 10:24 ET
NioBay Reports a Significant Increase in Resources at James Bay Niobium
Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is ...

Company News Feed - US

Jul 09, 2020 11:18 ET
IIROC Trading Halt - NEPT
TORONTO, July 9, 2020 /CNW/ - The following issues have been halted ...
Jul 09, 2020 10:53 ET
IIROC Trading Resumption - NBY
VANCOUVER, BC, July 9, 2020 /CNW/ - Trading resumes in:
Jul 09, 2020 10:24 ET
NioBay Reports a Significant Increase in Resources at James Bay Niobium
Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is ...

News Release Providers

Recent Filings Activity

See Issuers with new insider (SEDI) filings

INK Ultra Money: China, a bearish call and INK Chat scores big again

by Ted Dixon, Canadian Insider

Today, Real Vision turns its attention to China. Ed Harrison interviews George Magnus, research associate for the China Centre at Oxford University, who assesses the situation in China and what it means for investors. Watch the premium video here.


INK is keeping tabs on mining COVID-19 risks

 

Meanwhile, INK is going full blown contrarian on COVID-19 as chatter builds in the markets that the disease no longer matters. As a case in point, this morning I read a piece from a large fully-licensed-in-China financial services firm touting herd immunity and advising investors to position for growth.

Insider Sentiment Centre



The INK Indicator is updated daily and measures the level and direction of insider sentiment by looking at key purchases and sales by executives in every company. The indicator represents the ratio of stocks with key insider buying over key insider selling. For more background on market and sector indicators, please visit INK Research