Crypto Market Barometer released on

  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website 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

NASDAQ 100 Market Breadth - Will this index continue to advance?

NASDAQ 100 Market Breadth - Where will the leading tech index go?

Yesterday I already covered the Nasdaq 100 index and its market breadth data. Today I want to check what changed and if I was right about today's development:

Advanced vs. Declined reached a positive extreme today, so there is a high chance that the index will have only small or no advances during the next trading day at all. 

This turned out to be true. The Nasdaq 100 gained 0,29% today, which is good, but it's not a big jump. Advanced vs. Declined Data was in good balance today, so for tomorrow, there would be much room on the positive and the negative extreme.

Technical analysts might look at the chart and see three things:

  • There was a light bearish divergence with the RSI during the last weeks (but it's resolved now)
  • The NASDAQ 100 is near a topping trend line which was touched end of July for the last time
  • The NASDAQ 100 reached the upper side of a statistic corridor, meaning it is highly unlikly that it is advancing much higher for now (I'm referring to the Envelopes indicator, but actually the top of the Bollinger bands with standard dev 2 was also reached)

Looking at those indicators, chances are high that the Nasdaq 100 is slightly overheated and needs to cool off for a couple of days. I do not expect a vast climb during the next days. But for the next weeks, I'm bullish.

Hopefully the Fed won't have too negative news for us, otherwise the reactions on the stock markets might be a bit extreme.

Want to view the latest market breadth data for NASDAQ 100 and other indices?



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