US and EU stock indices data ingestion currently broken

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 Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated.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.    

State of Dax - Calendar Week 30

State of Dax - Calendar Week 30

It is weekend again! The last trading month July lies behind us and it is again time for us to take a look at the state of the German stock index DAX.

Let's start!

The last weeks

The last weeks have certainly being interesting. The Dax is in a sideways trend, with almost no gains or losses during July (+0,08%).

Seasonal effects surely apply during this summer.


Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200


As mentioned in previous blog posts, I created a new charting dashboard. It includes all graphs I have in a single interactive dashboard. I can't share this interactive version if you due to missing server resources, but I can export everything as an image.

So well, what's the current state?

  • As you can see, the Advance Decline Line shows no divergence with the index.
  • Advanced vs. Declined reached the lower extreme during the last trading days. Usually, this line tends to oscillate between two extremes, so it might be okey to assume that the next trading days will be more successful (for bulls) than the previous ones.
  • The McClellan Oscillator is more or less in a neutral position
  • The McClellan Summation Index remains below the 0 line; one could argue that a bottom is being formed. Some anti-cyclical traders or investors with manual timing could speculate that the McClellan Summation Index will not fall any further
  • The % of members trading above their SMA 50 line declined again and again reached the threshold of ~ 38%; the next trading days will show if this threshold will hold or not
  • The % of members trading above their SMA 100 line is still low, but did not decline any further
  • The % of members trading above their SMA 200 line oscillates at the 80% mark. It would be a good sign if this number would stay above the 80% mark for a longer period

 

Within those indicators, bulls have less advantages than bears. In total, the picture is neutral, with a small tendency to bearish.

August is usually a weak month for the Dax.


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