INK Canadian Insider Index begins 2018 on high note

Ad blocking detected

Thank you for visiting 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 two offers if you want an ad-free experience.

Canadian Insider Club
$229/ year*
Daily Morning INK newsletter
+1 year archive
Canadian Market INK weekly newsletter
+1 year archive
3 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
30-day money back guarantee*
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
30-day money back guarantee*

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you cancel with-in 30 days of first subscribing, we will refund your payment upon request. After cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. At our last update on December 18 when we saw the Index close at 1262.38, we were seeing the last bit of year-end tax planning (investors locking in both gains and losses) and the Index faced a wall of resistance at 1269. Now three weeks later, the INK CIN has shattered that wall and bulldozed forward 30 points or 2.4% to close at 1292.39. What's more, the Index made an intraday high at 1295.50.

New support levels are 1272 and 1280, while resistance is at 1295 and 1300.

Our long-term momentum indicator MACD rose 3.3 points to 1.46 and both the slow and fast lines have moved into bullish alignment and are at 5.5 and 6.95. (Note: Seeing these lines trading above 10 will be key in order for the INK CIN to generate much greater acceleration) RSI rose 15 points or 30% to close at 63.5, indicating very strong forward momentum.

The INK Canadian Insider Index returned nearly 13% in 2017 including dividends and remains bullish and within striking distance of 1300. Such strength is no surprise, however. For copper, which has continued to power higher, as we've predicted since 2016, has remained a strong leading indicator for the Index. Indeed, 2018 is shaping up to be an excellent and historic year for equities and commodities worldwide and we are thankful to have you along for the ride.

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).