State of Dow Jones - Calendar Week 42 2021

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Hi folks! Welcome to another part of the blog post series State of Dow Jones for Calendar Week 42 2021 Part three already. This week has been incredible for those that invested into the Dow Jones. But how healthy is the current price development and what's the outlook?   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 managed to trade above its SMA 20 and also overcame the turquoise trendline / flag which happened to be at the 35 000 resistance level, which became a support shortly afterwards. The index only knew one direction during this week - upwards. The current price movement stopped a few points above the old all-time high and within the upper Envelope band. On the daily time frame, the index now looks slightly overheated. For now, the old all-time high around 35 631 holds, but it wouldn't be a big surprise if there was a small pull-back before t

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 Decline Line for NIFTY MIDCAP 50
    • Advanced vs. Declined for NIFTY MIDCAP 50
    • McClellan Oscillator for NIFTY MIDCAP 50
    • McClellan Summation Index for NIFTY MIDCAP 50
  • NIFTY NEXT 50 
    • Advance Decline Line for NIFTY NEXT 50
    • Advanced vs. Declined for NIFTY NEXT 50
    • McClellan Oscillator for NIFTY NEXT 50
    • McClellan Summation Index for NIFTY NEXT 50

 

Data collection started this Friday which means that it will take some time until market breadth data for those indices from India will be available.

 

I will also start to implement them on the market breadth data website https://www.advance-decline.net soon.

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