State of Dow Jones - Calendar Week 42 2021

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Hi folks! Welcome to another part of the blog post series State of Dow Jones for Calendar Week 42 2021 Part three already. This week has been incredible for those that invested into the Dow Jones. But how healthy is the current price development and what's the outlook?   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 managed to trade above its SMA 20 and also overcame the turquoise trendline / flag which happened to be at the 35 000 resistance level, which became a support shortly afterwards. The index only knew one direction during this week - upwards. The current price movement stopped a few points above the old all-time high and within the upper Envelope band. On the daily time frame, the index now looks slightly overheated. For now, the old all-time high around 35 631 holds, but it wouldn't be a big surprise if there was a small pull-back before t

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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