State of Dow Jones - Calendar Week 41 2021

-
Image
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
Post a Comment

Market breadth charting and automated updates - progress report

-

I started working on two different solutions for automatically charting all the breadth indicators for an index, including the ability to automatically proce an image (PNG) export so it can be uploaded automatically to a simple website.


My first approach was to export snapshots (as screenshots) from my data dashboards. This would still be a valid solution.

My second attempt, the one I am currently working on, is to produce all the charts myself. The advantage here is that I do not have to rely on my previous dashboard tool which also shows non-trading days, thus deforming the charts.

The image below is an export of my first attempt to create an all-in-one "chart dashboard" with all the market breadth indicators.

It works better than I thought. The graphic below is actually a working interactive charting dashboard, so one can slide through time and zoom in etc.

However, I don't think I will present the results as an interactive chart, because this would mean that I need even more infrastructure for it. I want to keep the data presentation as simple as possible.

In the example below, BitPandas BCI10 crypto index was used. Unfortunately I still did not import the normal index price data, so there is actually one chart missing. It would sit on top of all the other charts and represent the index pricing.

I will keep you posted if there is any more progress.


Comments

Post a Comment

Popular posts from this blog

State of DAX - Calendar Week 36

-
Image
State of DAX - Calendar Week 36 Another seven days have passed since the last episode of our blog post series about the "State of DAX". This time we're looking at a trading week with a small loss (> 1%) while we are in the middle of a period with weak seasonality. Corona, Afghanistan, upcoming elections here in Germany, challenges for the economy, inflation and "interest angst" - there is plenty of reason for investors to stand on the sideline. Oh, and at the end of this month, we will be looking at the DAX 40 instead of the DAX 30. There will be much to talk about in the next weeks!   But let's focus on the state of the leading German stock index by looking at the data. Technical Chart for DAX   DAX technical chart created at tradingview.com   On last Thursday, the DAX touched the lower Envelope band, giving a short-term and small "oversold" signal. On Friday, the index managed to gain some ground again, moving away from the Envelopes, but stil
Read more

State of Dax - Calendar Week 31

-
Image
State of Dax - Calendar Week 31 Welcome back to another episode in the "State of Dax" blog post series. The German stock index DAX climbed again, now residing near its alltime high. It will be very interesting to see if this index will beat its own record although August is a weak trading month according to seasonal statistics. But well, let's see - what is the current state of Dax? Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200 Again I took a screenshot of my latest charting dashboard, containing all the interesting stuff for this stock index. Let's check every indicator: The Advance Decline Line is almost a perfect mirror of the index; this supports the current price movements Advanced vs. Declined slowly advanced during the last trading days, almost forming a clean upwards trend. Neutral.. McClellan Oscillator for Dax: Above the zero line again, Slightly bulli
Read more