State of Dow Jones - Calendar Week 41 2021

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State of Dow Jones - Calendar Week 41 2021 Welcome to the second episode of the blog post series "State of Dow Jones", where we look at the leading US stock index from different perspectives and try to determine how solid the current development is. Technical Chart for Dow Jones Every "State of Dow Jones" blog post should start with the technical chart, so here we go (created on tradingview.com): The Dow Jones overcame the old falling highs and the important resistance at 25 000, now trading at 35 294 points. The index is trading above its SMA 20 again and even went into the upper Envelope band. This means the Dow is slightly overheated and it is likely that the index will show a small pull-back before rising again. The RSI is at 60, three trendlines were identified and crossed during the last trading days. The technical chart provides us with enough confidence to say that the correction might be over and the outlook is neutral, or maybe even slightly bullish. Marke

Adding Advance Decline Line to market observations

 

 

Today I added the calculation and visualization of the ADVANCE DECLINE line for DAX, SDAX, TECDAX, MDAX, EURO STOXX 50, DOW JONES, NASDAQ 100 and NIKKEI 225 to my repository.

The advance decline line usually helps to confirm ongoing trends or to spot possible upcoming changes. 

On the screenshot above, you can see an example dashboard of DAX with the advance decline line, the advanced vs. declined data, the McClellan Oscillator and the McClellan Summation index.

I will work on making more out of my own calculated data. If you have any suggestions or want to share your own experience, feel free to contact me.

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