242533913 - 1_yll4orcf - PID 1851201
    
    
      
    
  

  
    
        Hi I’m Ted Dixon with INK
preview for
        Monday April 4th: Waiting
        for a gloomy dip to buy.
        Our Energy Sector
Indicator,
        which tracks the number
        of stocks in the sector
        with key insider buying
        versus those with selling,
        remains a touch under
100%.
        That means there are
        slightly more stocks with
        key insider selling
        than there are with
buying.
        In light of the strong
        energy bull market run,
        we view insider sentiment
behaviour as
        bullish even if this small
        pick-up in selling may be
in
        anticipation of
        a short-term pullback or
consolidation.
        Meanwhile, insiders in the
in
        the Basic Materials sector
is also upbeat.
        Our sector indicator is
over 200%.
        The buying is being led by
mining insiders.
        That said, our Diversified
Mining Indicator
        appears to be putting in
        a short-term bottom which
would
        also be consistent with
        a short-term correction or
consolidation.
        In our morning report,
        we look at Major Drilling
        International which
provides
        a way to get exposure to
        the mining group via the
services side.
        It provides specialized
drilling
        services to the mining
industry,
        with a fleet of about 600
drills.
        It is registered in 20
countries.
        We have seen some recent
insider buying
        on the back of improving
financial results.
        Well, that’s it for today.
        And, I hope to see you
again tomorrow as we
        let the insiders guide us
to opportunity.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in
        any stock mentioned in
        our videos or in our
reports.