INK Canadian Insider Index quiet, but indicators point higher

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 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

* 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. In a holiday-shortened trading week, the INK Canadian Insider Index had another quiet week. While the Index briefly probed overhead resistance at 1250-1251, it settled the week down a slight 5.28 points to finish at 1144.11, just above support.


MACD looks range-bound for the time being. Last week, it dipped 2.6 points to -0.75, while RSI, our short-term momentum indicator, pulled back 4.9 points to 53.08.

Support is now at 1141.5 (50-day moving average) and 1121 (its lower Bollinger band). Overhead resistance is at 1150 and at 1156.5 (200-day moving average).

Copper and the US Market remain in strong uptrends and experienced a pause last week. I am looking for the INK CIN and risk-on sectors get untracked and make a strong move to the upside over the next 2-3 weeks. Indeed, supporting this is that the Index's price, as well as momentum indicators (MACD histogram and RSI) have been trending upwards, and have, recently anyway, been making higher lows (as noted by blue lines).

The INK Canadian Insider Index is used by the Horizons Cdn Insider Index ETF (HII), a 2017 and 2018 Fundata Fundgrade A+ ® award winner.

best Running shoes | Patike

Join the discussion in INK Chat!