INK Canadian Insider Index booms 2.1% higher

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
$500/ 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 rose another 26.35 points for a 2.1% gain as it closed at 1264.86. The INK CIN has now rocketed an impressive 18.9% over the past 5 weeks.

Long-term momentum indicator MACD dropped 2.6 points to 0.77.

Our short-term momentum indicator, RSI, dipped 1.14 points and remained overbought at 79.11 points. It is rare that RSI gets overbought and stays overbought but this can happen when a market enters a powerful bull cycle. That is what is happening now with the INK CIN and we are also seeing it in various sectors like oil, copper, platinum, and uranium.

Support is at 1200 and 1220. Resistance is at 1282 (upper Bollinger band) and 1270.

As far as performance goes, the INK Canadian Insider Index beat oil (+1.6%) and the SPDR S&P 500 ETF (SPY) (1.7%) but lagged gold (+2.9%), silver (+7.3%), platinum (+11.19%), and copper (+3.13%).

The INK CIN remains in a powerful bull market mode and as long as RSI persists at high levels, the Index can continue to move higher.

The INK Canadian Insider Index is used by the Horizons Cdn Insider Index (HII).

latest jordans | Nike Shoes, Sneakers & Accessories

Comment On!

140
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 CanadianInsider.com (via Easy Blurb).