State of Dow Jones - Calendar Week 42 2021

-
Image
Hi folks! Welcome to another part of the blog post series State of Dow Jones for Calendar Week 42 2021 Part three already. This week has been incredible for those that invested into the Dow Jones. But how healthy is the current price development and what's the outlook?   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 managed to trade above its SMA 20 and also overcame the turquoise trendline / flag which happened to be at the 35 000 resistance level, which became a support shortly afterwards. The index only knew one direction during this week - upwards. The current price movement stopped a few points above the old all-time high and within the upper Envelope band. On the daily time frame, the index now looks slightly overheated. For now, the old all-time high around 35 631 holds, but it wouldn't be a big surprise if there was a small pull-back before t
Post a Comment

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.

Comments

Post a Comment

Popular posts from this blog

State of Dow Jones - Calendar Week 42 2021

-
Image
Hi folks! Welcome to another part of the blog post series State of Dow Jones for Calendar Week 42 2021 Part three already. This week has been incredible for those that invested into the Dow Jones. But how healthy is the current price development and what's the outlook?   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 managed to trade above its SMA 20 and also overcame the turquoise trendline / flag which happened to be at the 35 000 resistance level, which became a support shortly afterwards. The index only knew one direction during this week - upwards. The current price movement stopped a few points above the old all-time high and within the upper Envelope band. On the daily time frame, the index now looks slightly overheated. For now, the old all-time high around 35 631 holds, but it wouldn't be a big surprise if there was a small pull-back before t
Read more

State of DAX - Calendar Week 42

-
Image
State of DAX for Calendar Week 42 Welcome to another episode of the blog post series "State of DAX". It is October the 23th and we've only 5 trading days left in October. So far this month has brought us a small turn around because it seems like the small correction has found an end. But how healthy is the current development and what's the short-term outlook? Technical Chart for DAX As usual, we'll start with the technical chart for DAX, created on tradingview.com: The index has been trading sideways within a range of 1000 points since April this year. On October the 15th, the DAX managed to break through the trendline/flag and also climbed above the important level of 15 500. Also, the SMA 200 still acts as a comfortable level of support and the index is expected to stay above this line. Let's zoom into the chart: The index climbed above the SMA 20 and tested it on the same day (14th October), which was a good confirmation of the short-term price movement. A
Read more

State of Dow Jones - Calendar Week 40

-
Image
State of Dow Jones - Calendar Week 40 I publish the "State of DAX" report every weekend, and after I've added some tooling to calculate the same market breadth data for the Dow Jones as well, I've decided that I can also publish a report on the state of the Dow Jones index. Those "reports" are just simple blog posts which try to interpret the current technical and market breadth situation, from my personal perspective and with my limited knowledge. "State of Dow Jones" might be a name that is too big for this blog post series, but I can't think of any other (good) name at the moment. So here we are, starting a new blog post series. Welcome and let's start!   Technical Chart for Dow Jones Total gains/losses for the Dow Jones in October so far: ~ 1,22% Here is the current technical chart for the Dow Jones index, created on tradingview.com: The Dow Jones has seen some interesting trading days! The range between 33 227 and 33 810 is a very impo
Read more