State of Dow Jones - Calendar Week 41 2021

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 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

SDAX loosing momentum? 21-08-2021

SDAX loosing momentum?

The last trading weeks have been great for the German stock index SDAX.

But will it continue to rise like this?

Market breadth data suggests that this index looses momentum, with the Advance Decline Line and the McClellan Summation Index topping. The McClellan Oscillator even dropped from a value greater than 2 to a negative value, now being below the zero line the second day in a row.


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