INK Canadian Insider Index closes down 2.68 points to 1066.90

Nicholas Winton
Sun, 08/23/2020 21:56

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index could not break past 1090 and slipped modestly. It fell 2.68 points to 1066.90.

MACD fell 3.5 points to -2.14. RSI backed off 9.59 points to 66.77.

Support is now at 1049.90 (20-day moving average) and 1033. Resistance is at 1084 and 1100.

As far as performance goes, the INK Canadian Insider Index beat gold (-0.14%), but lagged behind copper (2.05%), silver (2.46%), the SPDR S&P 500 ETF (SPY*US) (0.78%), and crude oil (0.79%).

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

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