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

Advance Decline Line for SDAX, MDAX and TECDAX

Today's Advance Decline Line for SDAX, MDAX and TECDAX

Today I am going to publish my self-calculated Advance Decline Line for the German stock indices SDAX, MDAX and TECDAX.

As some of you know, I calculate market breadth data on daily basis. I obtain daily-updated stock data from a free and legal source and calculate the breadth indicators on the following indices:
  • DAX
  • SDAX
  • MDAX
  • TECDAX
  • Euro Stoxx 50
  • NASDAQ 100
  • Dow Jones
  • S&P 500
  • Nikkei 225

Today it is time to look at the stock market indices with smaller caps or a technical focus.

Today's Advance Decline Line for SDAX

 

Today's Advance Decline Line for MDAX


 

Today's Advance Decline Line for TECDAX



 

A few words on the Advance Decline Line

You know it already:
The breadth indicator Advance Decline Line helps you to determine the health of a stock index. It shows if a price movement is carried by the broader market or just some big fishes. A divergence on the course of the index and the Advance Decline Line might give you a warning before a trend change.

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