INK Canadian Insider Index

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INK Canadian Insider Index outpaces US markets, notches 19% gain in 6 weeks

Nicholas Winton
Mon, 12/14/2020 12:58

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 a modest 2.06 points to 1266.92, adding 0.2% to bring total gains over the past 6 weeks to 19%.

Our long-term momentum indicator, MACD, fell 3 points to -2.23 and our short-term momentum indicator, RSI, dipped 2.7 points to 76.41. Support is at 1250 and 1238. Resistance is at 1283.83 (upper Bollinger band) and 1273.

INK Canadian Insider Index soars 11% in two weeks

Nicholas Winton
Mon, 11/16/2020 12:45

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index which is used by the Horizons Cdn Insider Index (HII).  Last week, the INK CIN rocketed another 47.29 points, or 4.2%, to close at 1169.65. In the past two weeks, the Index has melted up over 118 points and 11%.

Our short-term momentum indicator, RSI doubled its prior week's move and soared 8.45 points to 70.06. MACD nearly doubled, rising 4.81 points to 9.70. Both MACD and RSI are at their highest levels in many months.

Support is now at 1118 and 1108 (lower Bollinger band). Resistance is at 1170 and 1180.

The risk of a nominal growth surprise

Ted Dixon
Mon, 10/05/2020 13:43

October is a month that can be full of surprises. So far, 2020 has been full of bad surprises. But, what if we start to get some mean reversion back to positive surprises?

Today on INK Ultra Money, David Rosenberg gives us his take on the outlook for markets via a Real Vision interview with Ed Harrison. As usual, his base case is for subdued growth leading to disinflation or deflation. However, he seems to be shortening his time horizon for these downward forces to play out and makes the surprising admission that we could get a surprise jump in nominal GDP growth in light of all the government stimulus spending, much of which remains saved and could be spent if consumer confidence increases.

Lots of consumer spending dry powder left

I believe this thinking fits nicely with our core investment theme #1 which we updated today in our market report. In case you missed it, I will post the theme below, but in a nutshell it favours stocks such as those in the INK Canadian Insider Index that are geared towards rising inflation expectations.

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