US and EU stock indices data ingestion currently broken

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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 Unfortunately we noticed very late, and now the charts for the US and EU stock indices are outdated.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.    
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Vacation Time Roundup (2021)

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Vacation Time Roundup (2021)

What happened during the last 10 days?

Vacation is over :( and it is time to catch up with the markets. What happened during the last 10 days?

blog.advance-decline.net listed as a Top 100 Trading Blog on Feedspot

I'm happy to announce that Feedspot recently included this little blog here into its list of the Top 100 Trading Blogs in the web. Feedspot helps you to discover and follow interesting blogs covering various topics, including trading and investing.

Check out their website if you are open to discover new and interesting blogs!

Major indices dropped


The chart above visualizes the price development for selected indices during the last 10 days, compared to market opening on day one.

Almost all selected indices declined and did not recover yet from the sharp drop we've seen with its lowest low on September the 20th:

  • The German tech stock index TECDAX gained 0,74% during this period
  • The indices NASDAQ 100, Dow Jones, SDAX, DAX, TECDAX, MDAX, Nikkei 225 and the Euro Stoxx 50 all developed in a similar way.
    • On September the 20th, the lowest low during the selected periods was reached, ranging from ~ 96,4% to ~ 97,3%
    • This evening, they're back with a range from 97,85% up to 99,06%, almost having recovered from the losses
  • The Hang Seng went down to ~ 92,3% (that's almost -8%!) and is now at 94,55%

 

Honestly, I think most of the market observers were expecting a drop or an "end of summer correction" and it is funny that this interesting time period was happening during my vacation. I expected something like this and gladly was prepared.

Starting tomorrow, I will update my charts and cover some indices with one or several new blog posts. 

Crypto also declined


Since I also cover crypto indices on my blog and my market breadth website,I also want to check out what happened to the major crypto currencies. Sadly I can't track the BCI5 and BCI10 easily within my charting tools, so I am going to be lazy and only cover BitCoin and Ethereum.

During the last 10 days, Ethereum actually rised to nearly ~109% before dropping to 86% on September the 21th.

BitCoin rised to ~106,88% before dropping to 92%.

If you need any more proof that crypto is volatile, look no further..

At the moment, Ethereum is back at 92% (still 8% decline during the last 10 days) and BitCoin currently resides at 95,76%.

If there is time, I will cover the BCI 10 index as well in one of the upcoming blog posts about the state of the stock and crypto indices.








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