INK Canadian Insider Index adds 10 points to reach 1277.86

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index moved higher once again, briefly tagging a high of 1287.71 before closing at 1277.86 for a gain of 10.15 points.

Support moves up to 1266 (50-day moving average) and 1269.

Resistance is at 1276-78 and 1288 (upper Bollinger band).

Momentum continues to hold its bullish ground, as RSI rose 4 points to 57, while MACD ticked down just slightly by 0.21 points to 3.63. MACD remains on the buy signal it generated when the fast (blue) line crossed over the slow (red) line in early April. Incidentally, the INK CIN hasn't seen its RSI crack 60 on its last three attempts since late February, but should a breakout occur above this level, it would strongly suggest the Index is entering a more bullish, aggressive mode. And that is something I am expecting to see within the next few weeks.

Sports Shoes | Sneakers

Join the discussion in INK Chat!