INK Canadian Insider Index TKO's 1180 resistance, storms 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 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
No requirement to accept commercial emails from us
30-day money back guarantee*
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
No requirement to accept commercial emails from us
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.

Updated - replaces earlier chart which was inserted by error

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last review, we noted the INK CIN was relentlessly hammering the major resistance band of 1180 which had imprisoned it for months- and had kept up its onslaught even as its attempts failed. Last week, the INK CIN landed a powerful knockout blow as it broke up and through 1180 and sailed straight up to finish at 1,189.370 for a 14-point gain.

RSI rose 21% or 11.4 points to close at 64.85, putting the Index firmly in bull mode.

MACD nearly quintupled from its low level and climbed 1.36 points to close at 1.75, closing in the green two weeks in a row.

1172 (50-day moving average) and 1180 are the Index's new support levels. 1190 and 1200 still provide important overhead resistance that the Index needs to overcome near-term.

Recent analysis of the Index's behaviour and observations on bullish movement in Canadian resource stocks helped predict a breakout in the INK CIN. They also keep me bullish on the Index's prospects in the coming months. One important tailwind for the INK CIN is copper, a metal our signals became bullish on last Fall. The base metal has gone vertical literally since the day Donald Trump was elected President and has confirmed my long-held forecast of a powerful stock and commodities melt-up in the months ahead.

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).