Crypto Market Barometer released on

  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website 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

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


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


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 Oscillator has a negative value again, after being positive for 8 subsequent trading days. The McClellan Oscillator is still positive, but is also not so far away from the zero line.

Source for market breadth data:




For Nasdaq 100, the McClellan indicators show an ongoing negative trend. Will this development continue since the Fed minutes were actually bad news for the tech sector?

Source for market breadth data:


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