INK Canadian Insider Index rises 2.1%, reaches new multi-month highs

Ad blocking detected

Thank you for visiting CanadianInsider.com. 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
$432/ 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
JOIN THE CLUB

* 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.

Return to homepage
Sun, 08/16/2020 - 9:54 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 continued its purposeful upward climb and added 21.74 points or 2.1% and closed at 1069.58. The INK CIN is now up over 11.5% in the past 6 weeks.

MACD dipped 1.48 to 1.41. RSI remained steady, dropping just 0.16 points to 76.36. It has now been trading elevated above 70 since late July.
 
Support is now at 1030.26 (20-day moving average) and 1050. Resistance is now at 1084.30 (upper Bollinger Band) and 1100.

As far as performance goes, the INK Canadian Insider Index beat gold (-3.86%), silver (-5.27%), the SPDR S&P 500 ETF (SPY*US) (0.68%), and crude oil (1.92%). The Index trailed only copper (2.38%) which looks like it is coiling for another run to the upside. And that would be very good news for commodities.

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

Nike shoes | nike 2015 hyperdunks orange women shoes sale event for Women & Men - Buy Online - Fitforhealth

Tags:

Category:

Join the discussion in INK Chat!