US and EU stock indices data ingestion currently broken

-
An update on data ingestion and chart generation Here is a real quick update on what can currently be observed on the main website: Our main data source for US and EU stock indices changed some internals, which is why the automated data ingestion no longer works. Hence, the automatically generated charts stopped updating in June. Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated. The charts for indices from India and all crypto-related things are not affected. What are the next steps to fix the US and EU stock indices charts? We are going to look for another data source and adapt all things accordingly. We will let you know as soon as everything is fixed.    
Post a Comment

Crypto Advance Decline Line for Crypto Index BCI5 and other Market Breadth Data

-

Wow! Some crypto currencies had a very good day. Rumor has it Amazon and Twitter could plan to accept crypto currencies as a payment method. Surely, those rumors need to be taken carefully, though.

However, market breadth data is influenced by today's spike in the prices. So - ket's have a look for them.

Here is the market breadth data for the crypto index BCI5 from Bitpanda.

State of the BCI 5 crypto index

Summary




Advance Decline Line and Advanced vs. Declined for this crypto index


McClellan Oscillator and McClellan Summation Index for this crypto index





% of crypto index members above their SMA50, SMA100 and SMA200



Bigger picture: Market breadth data for the last 6 months (selection)

 

To gain a better impression of what was happening during the last days, I attached a data screenshot of a bigger time frame (6 months).

As you can see, the McClellan Summation Index is near the 0 line. This is a good sign for the longer time frame. The McClellan Oscillator, however, went from one extreme to another. For the shorter time frame, this is usually a sign that the speed of the short-time trend might slow down or even reverse (short-tearm meaning days).




Comments

Post a Comment

Popular posts from this blog

Crypto Market Barometer released on advance-decline.net

-
Image
  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in
Read more

US and EU stock indices data ingestion currently broken

-
An update on data ingestion and chart generation Here is a real quick update on what can currently be observed on the main website: Our main data source for US and EU stock indices changed some internals, which is why the automated data ingestion no longer works. Hence, the automatically generated charts stopped updating in June. Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated. The charts for indices from India and all crypto-related things are not affected. What are the next steps to fix the US and EU stock indices charts? We are going to look for another data source and adapt all things accordingly. We will let you know as soon as everything is fixed.    
Read more

DAX falling and rebounding as expected

-
Image
DAX falling and rebounding as expected An arrogant headline, true. Market breadth data simply nailed it and yesterday, I announced on twitter that anti-cyclical traders will have their chance : Dax nearly touched the lower Envelope band today. The last time this happened was nearly two months ago. The index is trading below its SMA 20 and the McClellan Oscillator reached -2 again. Good chance to buy the dip if you're anti-cyclical. #dax #trading #marketbreadth pic.twitter.com/bmgqJmzXD9 — Boersen Klaus (@boersen_klaus) September 8, 2021   But also the technical chart provided an indication how deep the DAX might fall today. Technical chart and analysis for DAX Technical chart for DAX with Envelopes and RSI, created on tradingview.com The orange trendlines mark the ongoing mini consolidation for the DAX. The limiting line on the top was already present, but it was unclear, at least for me, where its counterpart at the bottom would appear. But after today's trading day, it
Read more