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

An update on the Nikkei 225 and the McClellan Oscillator or McClellan Summation Index

I bet some of you can't wait to see the McClellan Oscillator and the McClellan Summation Index data for the Nikkei 225. Just a little more patience, please.

I started running calculations on the Nikkei 225 on the 11nd June 2021.

It takes at least 39 trading days until the McClellan indicators can be calculated. Useful data will be visible after another week, and after another month, one can start seeing the bigger picture (for a small time frame, though).

At the moment, we will have to wait 10 more trading days until the breadth data will be complete for the Nikkei 225. 

I could start collecting historical data for all index components and the run my calculations. But unfortunately this would consume too much of my spare time and at the moment I can't do it. If you happen to have some spare time and want to help me with this project feel free to get in touch with me.


In the mean time, here is the latest Advance Decline Line and Advanced vs. Declined data for the Nikkei 225 stock index:



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