INK Canadian Insider Index soars 15.2%, beats US market, metals, & oil

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. Last week, the INK Canadian Insider Index surged an impressive 111.89 points or 15.2% to close at 843.25. With last week's gain, the Index has rebounded 38.5% off its March lows.

MACD shot up 11 points to close at 32.68. RSI rose 14.38 points to 50.71.

Support is at 750 and (20-day moving average) and 800. Resistance is at 850 and 870.

As far as performance goes, the INK Canadian Insider Index beat some pretty big gainers in the SPDR S&P 500 ETF (SPY*US) (12.09%), gold (6.51%), silver (10.76%), as well as our leading inflationary indicator, copper (3%). As well, the INK CIN soundly beat oil which retreated 19.69% after its nearly 32% gain the week prior.

The INK CIN faces strong resistance at 870 but should it be able to break through that wall, there is a potential target in the form of a gap fill at 923.

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

Authentic Sneakers | Nike Sportswear Dunk Low Disrupt White - DD6620-001

Join the discussion in INK Chat!