State of Dow Jones - Calendar Week 41 2021

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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
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NIFTY: Market Breadth Data added for six NIFTY indices

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NIFTY stock indices from India: Market Breadth Data for six NIFTY stock indices added to our collection


 

With great pleasure we announce that we managed to add six stock indices from India to our collection.

You can find them on our website for market breadth data (see screenshot above).


What market breadth data we'll provide for the NIFTY indices

We added six of the NIFTY indices, and for all of them we aim to provide the same relevant market breadth data:

 

 Here is a screenshot of the market breadth data for NIFTY 100:



As usual, we'll update the market breadth data for NIFTY 50, NIFTY 100 and the other NIFTY indices after each trading day.

It will take 39 trading days until the McClellan indicators will show up on the charts; they'll be added automatically by our system.

We hope you like our newest addition to our collection and will find those new charts useful for your own trading or investment decisions.








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