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

BitPandas Crypto Index BCI 10 - Market Breadth 7th August 2021

BitPanda Crypto Index BCI10 - Market breadth data as of today (7th August 2021)

BitCoin and Ethereum, the two largest members in the BCI10 crypto index from BitPanda, gained more ground during the last 48 hours, thus making it a very interesting weekend for crypto fans and investors.

How does the market breadth data reflect the current gains?

  • The Advance Decline Line reflects the end of the recent correction; it is still on the rise
  • Advanced vs. Declined Data obviously has a strong phase; since July the 21th 2021, the graph has spended most time around the value of 10
  • The McClellan Oscillator reached the highest values since I began to generate market breadth data for this index; currently, this indicator is loosing momentum but it is still positive and above the zero line
  • The McClellan Summation Index passed the 0 line on July the 30th, giving positive signals to cyclical traders and investors
  • The percentage of BCI10 crypo index members trading above their SMA50 began to rise from 0 to higher values after July the 23nd 2021 and is now at 90%; this is a strong statement about the current bullish trend
  • The percentage of BCI10 crypto index members trading above their SMA100 is currently at 20%, which is still low, but the highest level for the last 6 weeks
  • The percentage of BCI10 crypto index members trading above their SMA200 is currently at 40%; this is still a bearish level


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