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 Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated.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 NASDAQ 100 on last day in August 2021

State of NASDAQ 100 on the last day in August 2021

Despite the summer season, the NASDAQ 100 index leaves August with gains as high as ~ 3,6 %. 
What is the outlook for September?

Here is the...

Latest Market Breadth Data for NASDAQ 100



As expected yesterday, the NASDAQ 100 bounced away from the border of the upper Envelope band but still remained within the upper band. This means the index is slightly overheated on the daily time frame.
The Advanced vs. Declined Data is negative for today. 
The McClellan Oscillator also declined, but is still positive.
The McClellan Summation Index, however, is climbing, but still negative.

NASDAQ 100 Outlook for September

Obviously, I can't make any predictions. The seasonality is again not strong for the first weeks of September, and on the technical chart, the Nasdaq 100 just bounced away from an important trend line. At the moment, the chart provides several limits for advancing prices. It is more likely for the NASDAQ 100 to pull back during the next days.
Market breadth shows a mixed picture. The Advance Decline Line shows no real divergences, so there is no signal there. The McClellan Oscillator failed to establish itself above the zero line for more than 3 consecutive days. One could speculate that this reflects some kind of weakness and that we will see a couple of days with negative values there, supporting my theory from above that we might have a pull back for this index.


Popular posts from this blog

State of DAX - Calendar Week 38

NASDAQ 100 - Interesting Monday ahead (29.08.2021)

Dow Jones sprinting back to neutral zone