INK Canadian Insider Index registers new all-time high

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 two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+1 year archive
Canadian Market INK weekly newsletter
+1 year archive
3 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
30-day money back guarantee*
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
30-day money back guarantee*

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you cancel with-in 30 days of first subscribing, we will refund your payment upon request. After cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index built upon the powerful momentum of the prior week and even managed to notch an all-time high intraday on Friday at 1217.60, before closing at 1214.19 as it added 2.7 points.

Our short-term momentum indicator RSI remains elevated at 72 for the second week in a row. On the other hand, MACD fell from 3.58 to 1.75 and still finds itself relegated to trading in the low single digits.

Support is at 1200, and, below that, at 1195 (20-day moving average). Resistance lies at 1220-1223 at the furthest reaches of its upper Bollinger band.

The fact that the INK Canadian Insider Index has achieved a new all-time high is impressive, particularly since many Canadian resource stocks and especially the mining sector have been stuck in neutral for a fair number of weeks. Near-term, keep in mind that RSI tends to decline (for at least a short time) on the INK CIN after reaching the 70 area, and that will be something to watch over the next week or so.

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).