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

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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