US and EU stock indices data ingestion currently broken

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An update on data ingestion and chart generation Here is a real quick update on what can currently be observed on the main website: Our main data source for US and EU stock indices changed some internals, which is why the automated data ingestion no longer works. Hence, the automatically generated charts stopped updating in June. Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated. The charts for indices from India and all crypto-related things are not affected. What are the next steps to fix the US and EU stock indices charts? We are going to look for another data source and adapt all things accordingly. We will let you know as soon as everything is fixed.    
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NASDAQ 100 Market Breadth - Will this index continue to advance?

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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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