INK Canadian Insider Index adds 1.6% as silver sizzles and copper dazzles

Sun, 07/12/2020 - 10:16 pm Nicholas Winton, High on the Hog

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index gained 15.15 points and rose 1.6% to close at 971.87.

MACD jumped 2.48 points higher to 1.01. RSI rose 2.76 points to 61.04. Should it move much higher then RSI breaks a strong resistance area that has held it in check most of the last few months.

Support is at 900 and 918.65 (50-day moving average). Resistance moves up to 973 and 980.

As far as performance goes, the INK Canadian Insider Index beat crude oil (-0.25%) and gold (+0.66%) but trailed the SPDR S&P 500 ETF (SPY*US) (+1.72%), silver (+3.99%), and copper (+5.42%).

What an amazing week for copper. Indeed, copper, the leading indicator of economic strength, inflation, and speculation has been a rock star (literally) and underpinned the entire V-shaped market and commodities recovery from March (as I have noted on many occasions). INK subscribers, please log into your account to read my outlook from here. Canadian Insider Club and Ultra members can read the full version of my post in INK Chat.

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

Find out more about Hedgehog Trader at GoHHT.com.

Sports Shoes | Best Nike Air Max Shoes 2021 , Air Max Releases and Deals

Tags:

INK Canadian Insider Index

Category:

High on the Hog

You may also be interested in

The Canadian Insider Index overpowers the S&P/TSX Composite in Q1

Shades of 2022 as the INK Canadian Insider Index overtakes S&P 500

Curaleaf and 7 others to join the INK Canadian Insider Index

Join the discussion in INK Chat!

Disclaimer :: Use of this site is subject to, and your continued use constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information. INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion; however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment. Users should always consult with and obtain advice from their professional licensed financial advisor, including their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment or trading securities do so with caution. Users should perform full due diligence and investigate any security fully before making an investment or before the execution of a security trade based upon information learned through INK. Investors should obtain annual reports and other company information to complete their own due diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this website. On this site, there may be third party content, content from authors or links to third-party sites or pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI® is a registered trade-mark owned by the Alberta Securities Commission.Read less

Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.

Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.