INK Canadian Insider Index consolidates recent gains

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
$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
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.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index spiked to a new 2016 intraday high of 1122.28 last Monday and then took a bit of a breather later in the week, closing down a modest 1.4 points at 1116.39.

RSI remains strong at 65.08. But MACD, our longer term momentum indicator, has been held in check from about mid-July and registers just 11.10.

Having made its dramatic break higher in early July, the Index is undergoing a sideways consolidation - though as I've illustrated there is a potentially bullish 'w' pattern taking shape.

Support is at 1100 and 1079 while resistance is at 1120 (the top of its Bollinger band) and 1130 above.

Nike Sneakers Store | Women's Nike nike roshe heart and sole shoes for women Shadow trainers - Latest Releases , Ietp

Join the discussion in INK Chat!