State of Dow Jones - Calendar Week 41 2021

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 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

Further progress on simple website with market breadth data

As promised, I let you know when I've made even more progress on my little project (simple website for providing market breadth data so I don't have to blog it).

Let's check the goals of my previous blog post:

  • DONE: Next, I want to add an automated image export for all index chart dashboards.
  • DONE: Those images shall be produced daily and be uploaded to a very simple website presenting those images. 

However, this refers to the normal stock indices, I didn't do this for crypto indices yet.

The simple website is just a HTML document including pre-rendered images. This is just a demo to show that the whole process works.

I've set up automated jobs to refresh the market breadth data daily and to render new images afterwards. I will check during the next days if this works.

Next: Make plans for a simple website which can actually be accessed by you guys.


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