INK Canadian Insider Index closes at new all-time high at 1248.05

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. The INK CIN Index added another 2.5 points to close at a new all-time high of 1248.05.

Our short-term momentum indicator, RSI, worked off some of its overbought condition as it pulled back 5.5 points to 75.38.

Our long-term momentum indicator, MACD, slipped for the second week in a row, falling from 1.28 back into negative territory at -1.09.

The Index's MACD fast line crossed below the slow line, giving us a technical sell signal, so it's possible we could see more consolidation or pullback in the very near term. Though we have noted before those buy/sell signals can whipsaw on and off.

Support sits at 1240 and 1233 (20-day moving average) and at 1217-1220 below. Resistance is at 1248 and 1260 above. While momentum indicators have pulled back recently, investors need to keep in mind the Index is in a powerful bull uptrend.

Running sport media | Nike Air Max

Join the discussion in INK Chat!