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

Crypto Advance Decline Line, McClellan Oscillator and more market breadth

First version of Crypto Market Breadth Indicators and Visualizations added

Today I completed the first version of Crypto Market Breadth visualizations. For several crypto currencies, such as Bitcoin or Ethereum, the Advance Decline Line, the McClellan Oscillator and more data was added.


Let's start with the BCI5 (Bitpanda Crypto Index 5) crypto index and its market breadth data

Version 1 "only" includes the Bitpanda Crypto Index 5 with the following index members:

  • BitCoin
  • Ethereum
  • Binance Coin
  • Dogecoin
  • Polkadot

You can view more information about Bitpandas Crypto Index here: https://www.bitpanda.com/en/bci-bitpanda-crypto-index

 

The following market breadth data was added for the BCI5 (crypto index):

  • Advanced vs. Declined Data for crypto
  • Advance Decline Line for crypto
  • McClellan Oscillator for crypto
  • McClellan Summation Index for crypto
  • % of index members above SMA50
  • % of index members above SMA100
  • % of index members above SMA200


Crypto Market Breadth Data (Advance Decline Line for Bitcoin etc.)

Here is today's market breadth data on the BCI5 (crypto index). Please note that it is not the market breadth data for the whole crypto market since only 5 crypto currencies are part of this small index. However, most of the crypto market capitalization is mirrored within this index... But well, here is the data!


Summary on the crypto market and the Advance Decline Line, including the Advanced vs. Declined data for the crypto index


McClellan Oscillator and McClellan Summation Index for the crypto index


% of crypto index members above SMA50, SMA100 and SMA200



What's next on crypto market breadth data?

Within the next days and weeks, I'll be working on adding even more crypto indices and generate market breadth data for them. I already have everything I need for the BCI10 index, so this index might be added soon.

If you want to see a specific crypto index being added let me know ;)


 

 

 

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