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

Dow Jones Advance Decline Line and McClellan Oscillator

I want to take the opportunity to show you the latest market breadth data for the Dow Jones index. I'll start by posting a screenshot of todays's Dow Jones Advance Decline Line and will then add the Dow Jones McClellan Oscillator. Afterwards, you'll see the current values for the Dow Jones McClellan Summation Index.


Dow Jones Advance Decline Line



The full index charting dashboard for Dow Jones, including the Advance Decline Line, can be found on advance-decline.net.


Dow Jones McClellan Oscillator



The full index charting dashboard for Dow Jones, including the McClellan Oscillator, can be found on advance-decline.net.

Dow Jones McClellan Summation Index

 

One note on seasonality

When making investment decisions, please keep in mind that we have a weak seasonality with the first year of Biden's presidency and being in the mid of this year's summer. Usually, the volumes will be low and the performance of US major stock indices could be less good compared to other times of the year.
 

Still, if you think you can do a good trade or investment, you should not stop if market breadth data or chart formations support your enter signal.




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