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
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Breadth data for SDAX, MDAX and TECDAX (21.07.2021)

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Breadth data for SDAX

Here is the Advance Decline Line and the Advanced vs. Declined data for the German stock index SDAX:



 

 

Breadth data for MDAX

Here is the Advance Decline Line and the Advanced vs. Declined data for the German stock index MDAX:

 


 

 

Breadth data for TECDAX

Here is the Advance Decline Line and the Advanced vs. Declined data for the German stock index TECDAX:






Summary on todays's Advance vs. Decline data

For SDAX, MDAX and TECDAX, there was a strong reaction on last trading's day "mini crash". The Advanced vs. Declined data shows a complete turn around.

Usually, next trading's day price movements for these indices won't be as strong as they used to be today. This means that tomorrow, we can expect a small positive result for each index. Changes for negative results should be low.


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