INK Canadian Insider Index continues 6-week sideways consolidation

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 Club
$299/ 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 INK Canadian Insider Index continued to move in the tight range it has occupied over the past month and a half. At week's end, the INK CIN closed down a modest 1.3 points to finish at 1119.67.


 

MACD fell 1.3 points to -0.3. RSI dipped 2.6 points to 55.98.

Support is now at 1110.70 (200-day moving average) and 1106.95 (50-day moving average). Resistance remains at 1125 and 1135.

Last week, the INK Canadian Insider Index was unchanged. On the other hand, the S&P 500 was up 0.73%. Crude oil was up 4.7%. Silver was up 1.57%. Copper was up 1.4%. And the price of gold was up 0.86%. Commodities are slowly starting to perk up and should this continue over the next week or two, it is likely to steer the INK CIN out of its multi-week consolidation and into a new uptrend.

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

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).