State of Dow Jones - Calendar Week 42 2021

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Hi folks! Welcome to another part of the blog post series State of Dow Jones for Calendar Week 42 2021 Part three already. This week has been incredible for those that invested into the Dow Jones. But how healthy is the current price development and what's the outlook?   Technical Chart for Dow Jones Every "State of Dow Jones" blog post should start with the technical chart, so here we go (created on tradingview.com):   The Dow Jones managed to trade above its SMA 20 and also overcame the turquoise trendline / flag which happened to be at the 35 000 resistance level, which became a support shortly afterwards. The index only knew one direction during this week - upwards. The current price movement stopped a few points above the old all-time high and within the upper Envelope band. On the daily time frame, the index now looks slightly overheated. For now, the old all-time high around 35 631 holds, but it wouldn't be a big surprise if there was a small pull-back before t

Indices performance in September

Relative performance of stock indices in September

Probably the chart of the month:



The image above shows the relative performance of selected stock indices.

As you can see, most indices performed badly during September. Only Nikkei 225 was able to carry some gains into the next month.

HangSeng > -6%

Nasdaq 100 > -5%

Dow Jones ~ -4%

Dax ~ -3,5%

Nikkei 225 ~ +2,7%

 

Relative indices performance of last 6 months


 

Relative indices performance of last 12 months


 

Relative indices performance of last 12 months compared to Bitcoin and Ethereum


Bitcoin: From 100% to 406%

Ethereum: From 100% to 840%

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