INK Canadian Insider Index awaits US dollar top

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.

Return to homepage
Mon, 06/25/2018 - 1:24 am Nicholas Winton, High on the Hog

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had a quiet week of consolidation, twice pulling back to the low 1300s (and Bollinger band midpoint) where it also bounced twice before closing at 1312.32 for a loss of 1.83 points.

MACD fell 1.32 points to 0.10. RSI fell 8.41 to 51.32.

Support is at 1293 and 1302. Resistance is at 1315 and 1320.

The INK Canadian Insider Index continues to consolidate above the 1300 area which was formerly an area of resistance. As such, 1300 may be a staging area for the next leg up. What's more, the US dollar appears to be topping based on sentiment (speculators who tend to be wrong at extremes, are now heavily long) and based on deteriorating momentum indicators. What's key here is that a correction in the US dollar would likely send the INK CIN and Canadian stocks into rally mode.

Best jordan Sneakers | Men's Sneakers

Tags:

Category:

Join the discussion in INK Chat!