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

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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