INK Canadian Insider Index holds near all-time highs

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index began last week by sprinting to a brand new, all-time closing high at 1318.82, though it could not quite forge its way through 1320 when it topped out at 1319.43 and drifted down slightly to close at 1314.15. In all, the INK CIN held onto a gain of 6.28 points and has built a gain of 1.4% over the last 2 weeks.

MACD gained 1 point to close at 1.42. RSI rose 1.34 points to 59.73.

Support is at 1293 and 1285. Resistance is at 1315 and 1320.

Next week will be interesting to watch given that many commodities took a big hit last week. What's more, those bullish on the INK Canadian Insider Index want to see a breakout above 1320 and do not wish to see resistance grow more firm. That said, Canadian stocks did outperform the US broad market during a week of Trump-related tariff turmoil.