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 Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated.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 31

State of Dax - Calendar Week 31

Welcome back to another episode in the "State of Dax" blog post series.

The German stock index DAX climbed again, now residing near its alltime high.

It will be very interesting to see if this index will beat its own record although August is a weak trading month according to seasonal statistics.

But well, let's see - what is the current state of Dax?

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

Again I took a screenshot of my latest charting dashboard, containing all the interesting stuff for this stock index.


Let's check every indicator:
  • The Advance Decline Line is almost a perfect mirror of the index; this supports the current price movements
  • Advanced vs. Declined slowly advanced during the last trading days, almost forming a clean upwards trend. Neutral..
  • McClellan Oscillator for Dax: Above the zero line again, Slightly bullish. Let's wait for more data here.
  • McClellan Summation Index: A bottom was formed, the indicator is now moving upwards towards the zero line. Anti-cyclical traders might find this situation bullish, cyclical traders wait for the indicator to cross the zero line
  • Percentage of Dax members trading above their SMA50: Climbed to 60%, which is the highest value since mid of July
  • Percentage of Dax members trading above their SMA100: Climbed to 60%, highest value since beginning of July
  • Percentage of Dax members trading above their SMA200: Actually declined a little and is now back at 80%; no warning signal here

It might come as a surprise, but at the moment, the German stock index Dax seems to be a little bit stronger than usual during August. The market breadth data supports the current attempt to reach the all time high. In my chart, the Advanced Declined Line for Dax already reached a new record. Chances are not too bad that we see a new all time high for this index soon. However, since we are in August, I doubt that this would be a large breakout from the current trading range.

 



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