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 BCI10: Market Breadth Data

 

BitPandas Crypto Index BCI 10 - Market Breadth


Market breadth for this little crypto index reflects the strong trading days many crypto currencies have seen during the last two weeks.

The Advance Decline Line is higher than it used to be during the last 2 1/2 months.
Advanced vs. Declined reached the top level and the McClellan Oscillator + the McClellan Summation Index are positive.


The percentage of index members trading above their SMA50 reached 90 percent.
The percentage of index members trading above their SMA 100 started to climb to 20%, reaching the highest value since 1/12 months.
The percentage of index members trading above their SMA 200 is back at 40%. 



 

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