INK Canadian Insider Index at key point after 3% loss

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 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

* 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 CIN slipped heavily falling 33.8 points or 3% to 1093.35.

MACD plunged 6.8 points to -8.8. RSI fell 18.3 points or 34% to 35.3.

Support is at 1090.36 (lower Bollinger band) and 1080 (which the Index hit and rebounded from). Resistance is now at 1100 and 1120.

The INK Canadian Insider Index outperformed oil (-5.5%) but trailed gold (+0.43%), silver (-0.15%), the SPDR S&P 500 ETF (SPY*US) which was down -0.36%, and copper which fell 1.35%. The INK CIN is back to retest the area it broke out from in late August, so it finds itself at a key juncture after its second weekly loss in a row. On the bull side of the equation, I am seeing some positive divergence on copper's chart, something that could foreshadow a rally in inflationary assets and US Markets, both of which have very poor sentiment right now.

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

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).