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

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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