Crypto Market Barometer released on advance-decline.net

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  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. 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

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

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&P500 so you always know about the index health state.


Dow Jones and NASDAQ 100 also available

Surely you know that we also provide market breadth data for the Dow Jones index and the Nasdaq 100 Index. Market breadth usually helps to see the bigger picture behind the "normal" price development.

By the way: If you check out our latest market breadth visualization on Nasdaq 100, you can see the the McClellan Summation Index declined six trading days in a row, reaching a value of more than -15:

 

This indicator alone should not be used for making trading or investment decisions, but maybe it will help you to understand the current state of the Nasdaq 100.

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