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 Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated.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

Crypto Market Breadth according to BitPanda's Crypto Index BCI 10 (08.09.2021)

-

Crypto Market Breadth according to BitPanda's Crypto Index BCI 10 (08.09.2021)

BitPanda's Crypto Index BCI 10 has 10 components. It does not mirror the whole crypto market, but gives an impression about how crypto is currently doing.
 
Here is the market breadth data for the crypto index BCI 10:
The market breadth data surely reflects the current development, meaning the little sell-off we saw during the last 24 hours.
We now see less crypto currencies trading above their SMA 50, 100 and 200. The decline is particular strong for the percentage of members trading above their SMA 200 (current value is 60% compared to 2 trading days before where we had 100%).

The McClellan Oscillator fell below the zero line and the McCllellan Summation Index started its decline (but is still on a high level, though).

If only looking at market breadth, the current state is nothing more than a necessary correction within a strong bullish development. I doubt that we see a sharper decline, at least the market breadth does not indicate this.

 
 

Comments

Post a Comment

Popular posts from this blog

Crypto Market Barometer released on advance-decline.net

-
Image
  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in
Read more

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.    
Read more

DAX falling and rebounding as expected

-
Image
DAX falling and rebounding as expected An arrogant headline, true. Market breadth data simply nailed it and yesterday, I announced on twitter that anti-cyclical traders will have their chance : Dax nearly touched the lower Envelope band today. The last time this happened was nearly two months ago. The index is trading below its SMA 20 and the McClellan Oscillator reached -2 again. Good chance to buy the dip if you're anti-cyclical. #dax #trading #marketbreadth pic.twitter.com/bmgqJmzXD9 — Boersen Klaus (@boersen_klaus) September 8, 2021   But also the technical chart provided an indication how deep the DAX might fall today. Technical chart and analysis for DAX Technical chart for DAX with Envelopes and RSI, created on tradingview.com The orange trendlines mark the ongoing mini consolidation for the DAX. The limiting line on the top was already present, but it was unclear, at least for me, where its counterpart at the bottom would appear. But after today's trading day, it
Read more