INK Canadian Insider Index

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our last update, the INK CIN Index managed a new high of 1055.15 on May 17th and has been consolidating after its recent burst higher. The Index bounced off of its 20-day moving average at 1030 on Thursday and closed the week strongly at 1049.02.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had a strong week, adding 11 points or just over 1 percent while finishing at 1044.36.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index pulled back on its throttle and climbed nearly 1% (or 9 points), shattering its previous resistance of 1025-1027.  The Index closed the week at 1033.54, and recorded a new 2016 high. 

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 Index provided sparks of excitement as it surged as high as 1025.28 on Wednesday, and seemed ready to break free from its month-long sideways consolidation. However, the Index could not maintain its altitude and retreated slightly to close the week at 1013.45.  But even then, the Index managed to add 5 points on the week.   

The INK Canadian Insider Index added 13 points this week and continues to consolidate in a tight range, since it first made it back to the 1000 level in early March. 'Float' might even be a better word as the Index has made progressively higher lows, albeit incremental ones, having climbed 30 points since the start of April. What should have the bull camp slightly more optimistic is that the Index has now traded above the 1000 mark for four consecutive days for only the second time since last summer. Of course, we note that the first time it happened was two weeks ago and the Index did slip back down under several days before re-emerging for its second tour above 1000.

The INK Canadian Insider (CIN) Index has shed 7 points or about 1% since our last update, not a major development, since the Index has trended sideways, close to its 200 day moving average, for several weeks.

The INK CIN Index may have gained a meagre 3 points to 1004.26 since our last update, but further analysis provides several reasons for renewed optimism as this new week opens.

Last week, the Canadian Insider Index was unable reverse the downside momentum we highlighted in our previous update, and investors saw the Index tumble 19 points or nearly 2%.

Last week, the INK Canadian Insider (CIN) Index was guns blazing hot after a 120+ point rise off its January lows, and it first made a couple of failed attempts to clear the 1000 level before finally succeeding. However, the 1010-1015 level put up another roadblock on two more occasions, and the Index ended up closing at 1001.51. With that close, the Index was down 5 points over the past week.