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Showing posts from August, 2021

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

State of NASDAQ 100 on last day in August 2021

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State of NASDAQ 100 on the last day in August 2021 Despite the summer season, the NASDAQ 100 index leaves August with gains as high as ~ 3,6 %.    What is the outlook for September? Here is the... Latest Market Breadth Data for NASDAQ 100     NASDAQ 100 Market Breadth Data Visualizations by advance-decline.net As expected yesterday , the NASDAQ 100 bounced away from the border of the upper Envelope band but still remained within the upper band. This means the index is slightly overheated on the daily time frame. The Advanced vs. Declined Data is negative for today.  The McClellan Oscillator also declined, but is still positive. The McClellan Summation Index, however, is climbing, but still negative. NASDAQ 100 Outlook for September Obviously, I can't make any predictions. The seasonality is again not strong for the first weeks of September, and on the technical chart, the Nasdaq 100 just bounced away from an important trend line. At the moment, the chart provides several limits fo

NASDAQ 100 unchained on 30.08.2021

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NASDAQ 100 Unchained Despite my estimation I published with yesterday's blog post , the Nasdaq 100 managed to climb another 1,12% today.  What's our perspective on the current situation?   NASDAQ 100 Market Breadth Data and Envelopes Source: Nasdaq 100 Market Breadth Data    The price stopped at the top border of the upper Envelope band . Really, chances are now very high that the price will move into the opposite direction during the next trading day. Breaking through the upper band is a rare event and happened once per 3 months during the last year (it's not entirely correct, but you get the point). Nasdaq 100 Advances vs. Declines actually declined today. The McClellan Oscillator gives very bullish signals while the McClellan Summation Index is moving towards the zero line with medium speed.

NASDAQ 100 - Interesting Monday ahead (29.08.2021)

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NASDAQ 100 - How the new week could start The NASDAQ 100 has delivered. I don't know if we are going to see a new record high every week until the Tapering begins, but the strength of this index is remarkable. While we can not make any predictions for the next months, we still can look how the chances are for the NASDAQ 100 on Monday. NASDAQ 100 Market Breadth Data The NASDAQ 100 market breadth is provided by https://www.advance-decline.net The image above shows the market breadth for the index NASDAQ 100. What you can't see is that the NASDAQ 100 is moving along a rising trend line, starting on 16.02. and touching it on 26.07., 24.08., 25.08 and on last Friday (27.08.). It looks like that the NASDAQ 100 has troubles crossing this trend line, and often the index touches the upper Envelope band, which is usually a sign of overheating. So there are already two limiting factors, and it might take a very strong impulse for the price to overcome those limits. It is more likely that

Envelopes Indicator now available for all stock indices

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Envelopes Indicator now available for all stock indices About the Envelopes indicator and how we implemented it The Envelopes indicator is a very simple, but powerful way to determine if an index is overheated or oversold (if someone knows the correct opposite of the word "overheated" please let me know..). Basically, the Envelopes are shifted copies of an SMA. On https://www.advance-decline.net we use the SMA20, which is a fast and short-term simple moving average, and then add or subtract a few percentage points (our formula is a bit more complex, but you get the point). This provides two lines - the lower and the upper Envelope line, with each of them having a fixed distance to the middle, the SMA20. From our experience we know that the price tends to oscillate between the upper and the lower Envelope lines. Those lines act as a first line of support or resistance, maybe let's call them "soft resistance and support". Usually, the price will bounce at this li

State of Dax - Calendar Week 34

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State of DAX - Calendar Week 34 Another week has passed and we are looking again at the state of Germany's most important stock index, the DAX (30). I've put the number of index components behind the index name since this number will change soon. During mid September, the DAX will house 40 members and we are prepared to reflect this change in our tools and charts. Nervertheless, we still do have 30 Dax members and we are now ready to check on what we call the "health state" of the DAX. Quick overview: Market Breadth Data for DAX Before digging through the market breadth data and what it means, we shall have a look at our huge chart dashboard, containing the most relevant market breadth indicators for the DAX: Market Breadth for DAX: Deep dive It has been an interesting trading week with only little to gain for the DAX. Despite the seasonality, this index is holding up pretty good and we've seen no big dumps so far. But what does the market breadth data tell us? Ad

NIFTY: Market Breadth Data added for six NIFTY indices

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NIFTY stock indices from India: Market Breadth Data for six NIFTY stock indices added to our collection   With great pleasure we announce that we managed to add six stock indices from India to our collection. You can find them on our website for market breadth data (see screenshot above). What market breadth data we'll provide for the NIFTY indices We added six of the NIFTY indices, and for all of them we aim to provide the same relevant market breadth data: NIFTY 50 Advance Decline Line for NIFTY 50 Advanced vs. Declined for NIFTY 50 McClellan Oscillator for NIFTY 50 McClellan Summation Index for NIFTY 50 NIFTY 100 Advance Decline Line for NIFTY 100 Advanced vs. Declined for NIFTY 100 McClellan Oscillator for NIFTY 100 McClellan Summation Index for NIFTY 100 NIFTY 500 Advance Decline Line for NIFTY 500 Advanced vs. Declined for NIFTY 500 McClellan Oscillator for NIFTY 500 McClellan Summation Index for NIFTY 50 NIFTY NEXT 50 Advance Decline Line for NIFTY NEXT 50 Advanced vs. Dec

BCI10 Crypto Index from BitPanda what's happening right now?

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BitPandas BCI 10 Crypto Index: What's happening right now? After a strong weekend for crypto, some major currencies seem to take a break from the rally. The BCI 10 Crypto Index represents 10 crypto currencies and might help us to understand: What's happening right now?   Before I start writing, let's look at the BCI10 Crypto Market Breadth data:   Source: https://www.advance-decline.net/crypto-indices/bci-10/ Dissecting the Crypto Market Breadth Data Some would say crypto was overheated a bit after the last strong weekend.  The McClellan Oscillator dances with its zero line, while the McClellan Summation Index seems to have created a top. Values for this indicator are very high, comparable to the golden times from the beginning of the year. The percentage of BCI 10 members trading above their SMA 50 is very high. The percentage of BCI 10 members trading above their SMA 100 is very high. The percentage of BCI 10 members trading above their SMA 200 is continuously rising and

Nikkei 225: Buy signal close?

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Nikkei 225 Japan stock index: Is a buy signal close?   The technical chart doesn't look so good for the Nikkei 225. It has been showing lower lows for quite a while now and it failed to form a bottom during the last two weeks. Let's check where we are standing with the market breadth data?   As you can see, the long-term indicator McClellan Summation Index formed a top and then began its rapid decline. It's a positive thing, however, that it did not decline any further during this trading day. The short-term indicator McClellan Oscillator has been below the zero line for 6 days in a row and is now near zero again.  Some consider crossing the zero line a buying signal, so one could hope for a good trading session tomorrow and then have a trigger for a long trade. It's not so clear for me, though. The secondary trend of the Nikkei 225 is downwards, meaning one would buy against the current trend. So if you are looking for a buy signal, maybe combine positive market breadt

NASDAQ 100 Market Breadth - Will this index continue to advance?

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NASDAQ 100 Market Breadth - Where will the leading tech index go? Yesterday I already covered the Nasdaq 100 index and its market breadth data. Today I want to check what changed and if I was right about today's development: Advanced vs. Declined reached a positive extreme today, so there is a high chance that the index will have only small or no advances during the next trading day at all.  This turned out to be true. The Nasdaq 100 gained 0,29% today, which is good, but it's not a big jump. Advanced vs. Declined Data was in good balance today, so for tomorrow, there would be much room on the positive and the negative extreme. Technical analysts might look at the chart and see three things: There was a light bearish divergence with the RSI during the last weeks (but it's resolved now) The NASDAQ 100 is near a topping trend line which was touched end of July for the last time The NASDAQ 100 reached the upper side of a statistic corridor, meaning it is highly unlikly that

NASDAQ 100 with ongoing strength (23.08.2021)

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NASDAQ 100 rising and rising and rising.. NASDAQ 100 unchained! What an incredible run this index had during the last weeks. Some people have been worried about this leading tech index because the FED might announce the end of the money floods during the upcoming days. Despite the upcoming event risk, the index is going upwards, marking a signal of strength.  If you like technical analysis, you might find the current chart appealing aswell.   But what does the market breadth data for Nasdaq 100 tell us? Market Breadth Data for Nasdaq 100, taken from https://www.advance-decline.net   Advanced vs. Declined reached a positive extreme today, so there is a high chance that the index will have only small or no advances during the next trading day at all. The Advance Decline Line for NASDAQ 100 shows no divergence.  The McClellan Oscillator for NASDAQ 100 crossed the zero line today, which provides a buy signal for all cyclical traders with a short-term scope. The McClellan Summation Index f

State of Dax - Calendar Week 33

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State of Dax - Calendar Week 33 Welcome to another episode of my little blog post series about the "State of Dax", this time for the ending calendar week 33. Last week on Sunday I was able to point out that the Dax reached a new all-time. Since then, the Dax lost a few points. So - what's the current health state and what is the outlook for new week? All Market Breadth Data for DAX Let's jump right into the data. Here is the dashboard with the index and the market breadth indicators:   Dissecting the chart dashboard and the market breadth data for DAX Let's try to talk about what we see on the chart dashboard above: Advance Decline Line for DAX: The Avance Decline Line seems to follow the index step-by-step, I see no divergences here, only "harmony" ;)  Advanced vs. Declined for DAX: Since the beginning of August, the net advances tend to move within a small corridor, only undermining the sideways trend we are in McClellan Oscillator for DAX:  After bein

SDAX loosing momentum? 21-08-2021

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SDAX loosing momentum? The last trading weeks have been great for the German stock index SDAX. But will it continue to rise like this? Market breadth data suggests that this index looses momentum, with the Advance Decline Line and the McClellan Summation Index topping. The McClellan Oscillator even dropped from a value greater than 2 to a negative value, now being below the zero line the second day in a row.

Nikkei 225 reaching new lows (20.08.2021)

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Nikkei 225 index and Advance decline Line reaching new lows On 16.02.2021, Japan's Nikkei 225 index started its correction on a very high level. At the moment, the index is trading 12,77% lower than on that specific day in February this year. Looking at the chart, a new low was reached a couple of hours ago, and even the Advance Decline Line followed the price, also reaching a new low in this correction. The Advanced vs. Declined data, however, went up during the last trading day. This doesn't mean anything yet, though. The McClellan Oscillator declined the third trading day in a row, while the McClellan Summation Index is already on day four of declining. Although we reached new lows, it doesn't mean that the correction will gain speed again. When looking at the plain candle chart (we don't have that one here, I know), it actually seems like a bottom could have been reached at the LOW of the last trading day (~ 26 978). This seems to be a support level, at it will be i

Adding India Indices NIFTY 50 NIFTY 100 and many more

Implemented: Market Breadth Data for India indices On Friday I implemented the data collection of market breadth data for the following Indian indices/markets: NIFTY 100 NIFTY 50 NIFTY 500 NIFTY MIDCAP 100 NIFTY MIDCAP 50 NIFTY NEXT 50  I will make the following market breadth indicators available for those indices: NIFTY 100 Advance Decline Line for NIFTY 100 Advanced vs. Declined for NIFTY 100 McClellan Oscillator for NIFTY 100  McClellan Summation Index for NIFTY 100 NIFTY 50 Advance Decline Line for NIFTY 50 Advanced vs. Declined for NIFTY 50 McClellan Oscillator for NIFTY 50 McClellan Summation Index for NIFTY 50  NIFTY 500 Advance Decline Line for NIFTY 500 Advanced vs. Declined for NIFTY 500 McClellan Oscillator for NIFTY 500 McClellan Summation Index for NIFTY 500 NIFTY MIDCAP 100 Advance Decline Line for NIFTY MIDCAP 100 Advanced vs. Declined for NIFTY MIDCAP 100 McClellan Oscillator for NIFTY MIDCAP 100  McClellan Summation Index for NIFTY MIDCAP 100 NIFTY MIDCAP 50 Advance D

BitPandas BCI10 Crypto Index Market Breadth 19.08.2021

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  BitPandas BCI 10 Crypto Index Market Breadth for 19.08.2021 Honestly, I thought Crypto currencies would suffer from more weakness during the last trading days. But the BCI10 and its components show an incredible strength. Market breadth data for the BCI10, however, shows a small decline for the percentage of members trading above their SMA 50. This is usually a sign that the positive trend lost some momentum. The McClellan Oscillator has been negative two days in a row, but is already showing tendency to move back to the zero line. The McClellan Summation Index is still strong.   b

18th August 2021 S&P500 Dow Jones Nasdaq 100 Market Breadth

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  Fed minutes causing drops in major US indices Today's published Fed minutes indicate that there are thoughts about ending the money flood this year instead of next year or the year after. This led to a small sell off. Now, market breadth data - including today's trading day - is interesting. All three major US indices that are listed below - the S&p 500, the Dow Jones and the NASDAQ 100 - reached extreme values for their Advanced vs. Declined data. Usually, if such an extreme is reached, there is at least a small reaction in the opposite direction. It will be interesting to see on Thursday if the markets realize that today's news weren't so bad at all. Will the markets calm down tomorrow?       S&P 500 Source for market breadth data: advance-decline.net   For S&P 500, the McClellan Summation Index is still in a good place. The short-term indicator McClellan Oscillator, however, is negative the second day in a row. Dow Jones The Dow Jones McClellan Oscillat

TECDAX SDAX and MDAX Advance Decline Line and other market breadth data

 Just a quick reminder that you can view market breadth data, such as TECDAX SDAX MDAX Advance Decline Line TECDAX SDAX MDAX McClellan Oscillator TECDAX SDAX MDAX McClellan Summation Index on our new website for market breadth data . Here are the links so you can directly head over to the relevant chart dashboards: TecDax Market Breadth Data MDAX Market Breadth Data SDAX Market Breadth Data I think especially in this week the market breadth data for TECDAX is very interesting. The index shows a great strength and market breadth data is supporting the current development. 

Dow Jones Advance Decline Line and McClellan Oscillator

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I want to take the opportunity to show you the latest market breadth data for the Dow Jones index. I'll start by posting a screenshot of todays's Dow Jones Advance Decline Line and will then add the Dow Jones McClellan Oscillator. Afterwards, you'll see the current values for the Dow Jones McClellan Summation Index. Dow Jones Advance Decline Line The full index charting dashboard for Dow Jones, including the Advance Decline Line, can be found on advance-decline.net. Dow Jones McClellan Oscillator The full index charting dashboard for Dow Jones, including the McClellan Oscillator, can be found on advance-decline.net. Dow Jones McClellan Summation Index   The full index charting dashboard for Dow Jones, including the McClellan Summation Index, can be found on advance-decline.net. One note on seasonality When making investment decisions, please keep in mind that we have a weak seasonality with the first year of Biden's presidency and being in the mid of this year's sum

Advance Decline Line for S&P500 and more Market Breadth Indicators

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Advance Decline Line for S&P500 and more Market Breadth Indicators With this blog post I just wanted to give you a small heads up for our new website advance-decline.net which provides a bunch of market breadth indicators for many indices, including the S&P500 .  On our little indicator dashboard, we currently provide: Historical data for S&P 500 Advance Decline Line for S&P 500 Advanced vs. Declined for S&P 500 McClellan Oscillator for S&P 500 McClellan Summation Index for S&P 500 The strong development of the S&P500 during the last trading days was undermined by market breadth data, which usually means that the ongoing trend is stable and healthy. However, we all know that there are also many tech stocks among the S&P500 components, and they've been struggling with various challenges lately (despite the good earnings season). This makes the S&P500 somewhat vulnerable. Just make sure you thrown an eye on our market breadth data for the S&

State of Dax - Calendar Week 32

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Hello and welcome to today's blog post about the State of Dax for Calendar Week 32

advance-decline.net: Website for free market breadth data launched!

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Website launched - Free Market Breadth indicators for your favorite indices   A couple of days ago I announced that I started working on a simple website that provides the market breadth data for popular indices. During the last weeks, I usually took a screenshot of the self-generated market breadth visualization and uploaded it to this blog, so everybody could view indicators such as the Advance Decline Line, the McClellan Oscillator or the McClellan Summation index on their own. However, this method was not very efficient, since the visitors had to rely on my posting fresh data over and over again. And of course I didn't have the time to post the market breadth data for every index every day, so it might have happened that some visitors needed the latest market breadth data but did not get it. The clear solution to me was to provide a simple website and upload the daily generated market breadth visualization to this destination. This way, all visitors could browse through the mar

State of Dax - Calendar Week 31

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State of Dax - Calendar Week 31 Welcome back to another episode in the "State of Dax" blog post series. The German stock index DAX climbed again, now residing near its alltime high. It will be very interesting to see if this index will beat its own record although August is a weak trading month according to seasonal statistics. But well, let's see - what is the current state of Dax? Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200 Again I took a screenshot of my latest charting dashboard, containing all the interesting stuff for this stock index. Let's check every indicator: The Advance Decline Line is almost a perfect mirror of the index; this supports the current price movements Advanced vs. Declined slowly advanced during the last trading days, almost forming a clean upwards trend. Neutral.. McClellan Oscillator for Dax: Above the zero line again, Slightly bulli

BitPandas Crypto Index BCI 10 - Market Breadth 7th August 2021

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BitPanda Crypto Index BCI10 - Market breadth data as of today (7th August 2021) BitCoin and Ethereum, the two largest members in the BCI10 crypto index from BitPanda, gained more ground during the last 48 hours, thus making it a very interesting weekend for crypto fans and investors. How does the market breadth data reflect the current gains? The Advance Decline Line reflects the end of the recent correction; it is still on the rise Advanced vs. Declined Data obviously has a strong phase; since July the 21th 2021, the graph has spended most time around the value of 10 The McClellan Oscillator reached the highest values since I began to generate market breadth data for this index; currently, this indicator is loosing momentum but it is still positive and above the zero line The McClellan Summation Index passed the 0 line on July the 30th, giving positive signals to cyclical traders and investors The percentage of BCI10 crypo index members trading above their SMA50 began to rise from 0 t

BitPandas Crypto index BCI10: Market Breadth Data

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  BitPandas Crypto Index BCI 10 - Market Breadth Market breadth for this little crypto index reflects the strong trading days many crypto currencies have seen during the last two weeks. The Advance Decline Line is higher than it used to be during the last 2 1/2 months. Advanced vs. Declined reached the top level and the McClellan Oscillator + the McClellan Summation Index are positive. The percentage of index members trading above their SMA50 reached 90 percent. The percentage of index members trading above their SMA 100 started to climb to 20%, reaching the highest value since 1/12 months. The percentage of index members trading above their SMA 200 is back at 40%.   

Further progress on simple website with market breadth data

As promised, I let you know when I've made even more progress on my little project (simple website for providing market breadth data so I don't have to blog it). Let's check the goals of my previous blog post: DONE: Next, I want to add an automated image export for all index chart dashboards. DONE: Those images shall be produced daily and be uploaded to a very simple website presenting those images.  However, this refers to the normal stock indices, I didn't do this for crypto indices yet. The simple website is just a HTML document including pre-rendered images. This is just a demo to show that the whole process works. I've set up automated jobs to refresh the market breadth data daily and to render new images afterwards. I will check during the next days if this works. Next: Make plans for a simple website which can actually be accessed by you guys.

Advance Decline Line: MDAX SDAX TECDAX DAX

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For each German index in my list, I'll give you the Advance Decline Line and the Advanced vs. Declined data. The McClellan Oscillator and the McClellan Summation Index will be published regularly after this trading week. Yay! TecDax Advance Decline Line and Advanced vs. Declined SDAX Advance Decline Line and Advanced vs. Declined MDAX Advance Decline Line and Advanced vs. Declined DAX Advance Decline Line and Advanced vs. Declined

Advance Decline Line for CAC 40 AEX25 Hang Seng IBEX 35 Nikkei 225

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Here is today's simple market breadth data. Simple, because it is "only" the Advance Decline Line and Advanced vs. Declined data for some indices.   AEX 25 Amsterdam Index Advance Decline Line and Advanced vs. Declined CAC 40 Advance Decline Line and Advanced vs. Declined Hang Seng Advance Decline Line and Advanced vs. Declined IBEX 35 Advance Decline Line and Advanced vs. Declined Nikkei 225 Advance Decline Line and Advanced vs. Declined  

Advance Decline Line for Nikkei 225, Hang Seng, SMI, ATX, CAC40

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Here is the latest market breadth data for some interesting stock indices.   Nikkei 225 market breadth Nikkei 225 Advance Decline Line and Advanced vs. Declined   Hang Seng market breadth Hang Seng Advance Decline Line and Advanced vs. Declined     SMI market breadth SMI Advance Decline Line and Advanced vs. Declined CAC 40 market breadth CAC 40 Advance Decline Line and Advanced vs. Declined   ATX market breadth ATX Advance Decline Line and Advanced vs. Declined      

Crypto index: BCI5 and BCI10 market breadth data

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Crypto on the rise again? Market breadth data suggests a turnaround Here is the latest data for BitPandas crypto currency indices BCI5 and BCI10. I will show you the values for the Avance Decline Line, Advanced vs. Declined, the McClellan Oscillator, the McClellan Summation Index and the percentage of index members trading above their SMA50, SMA100 and SMA200.   BitPandas Crypto Index BCI10: Market breadth data     BitPandas Crypto Index BCI5: Market breadth data  

State of Dax - Calendar Week 30

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State of Dax - Calendar Week 30 It is weekend again! The last trading month July lies behind us and it is again time for us to take a look at the state of the German stock index DAX. Let's start! The last weeks The last weeks have certainly being interesting. The Dax is in a sideways trend, with almost no gains or losses during July (+0,08%). Seasonal effects surely apply during this summer. Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200 As mentioned in previous blog posts, I created a new charting dashboard. It includes all graphs I have in a single interactive dashboard. I can't share this interactive version if you due to missing server resources, but I can export everything as an image. So well, what's the current state? As you can see, the Advance Decline Line shows no divergence with the index. Advanced vs. Declined reached the lower extreme during the last trading

Milestone complete - automated charting for all indices done

Milestone reached! That was fast! After a couple of hours, the automated charting for all indices, including their prices and their market breadth indicators, is complete. My updated tool stack will now produce an interactive chart dashboard per index on demand. Zooming, scrolling etc. is possible. All charts within one dashboard share the same x axis (date).   And the best: In contrast to the existing data dashboard, the new charting stuff does not require a (time-series) database, thus giving me a smaller footprint regarding cpu and memory. So, what are the next steps? Next, I want to add an automated image export for all index chart dashboards. Those images shall be produced daily and be uploaded to a very simple website presenting those images. This would provide everyone with the possibility to view market breadth data for every index I have in my collection, including crypto indicies. In the (not so) distant future, I want to add even more crypto indices. Maybe I might also add E

Market breadth charting and automated updates - progress report

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I started working on two different solutions for automatically charting all the breadth indicators for an index, including the ability to automatically proce an image (PNG) export so it can be uploaded automatically to a simple website. My first approach was to export snapshots (as screenshots) from my data dashboards. This would still be a valid solution. My second attempt, the one I am currently working on, is to produce all the charts myself. The advantage here is that I do not have to rely on my previous dashboard tool which also shows non-trading days, thus deforming the charts. The image below is an export of my first attempt to create an all-in-one "chart dashboard" with all the market breadth indicators. It works better than I thought. The graphic below is actually a working interactive charting dashboard, so one can slide through time and zoom in etc. However, I don't think I will present the results as an interactive chart, because this would mean that I need ev