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Showing posts from October, 2021

State of Dow Jones - Calendar Week 41 2021

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State of Dow Jones - Calendar Week 41 2021 Welcome to the second episode of the blog post series "State of Dow Jones", where we look at the leading US stock index from different perspectives and try to determine how solid the current development is. 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 overcame the old falling highs and the important resistance at 25 000, now trading at 35 294 points. The index is trading above its SMA 20 again and even went into the upper Envelope band. This means the Dow is slightly overheated and it is likely that the index will show a small pull-back before rising again. The RSI is at 60, three trendlines were identified and crossed during the last trading days. The technical chart provides us with enough confidence to say that the correction might be over and the outlook is neutral, or maybe even slightly bullish. Marke

State of Dow Jones - Calendar Week 41 2021

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State of Dow Jones - Calendar Week 41 2021 Welcome to the second episode of the blog post series "State of Dow Jones", where we look at the leading US stock index from different perspectives and try to determine how solid the current development is. 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 overcame the old falling highs and the important resistance at 25 000, now trading at 35 294 points. The index is trading above its SMA 20 again and even went into the upper Envelope band. This means the Dow is slightly overheated and it is likely that the index will show a small pull-back before rising again. The RSI is at 60, three trendlines were identified and crossed during the last trading days. The technical chart provides us with enough confidence to say that the correction might be over and the outlook is neutral, or maybe even slightly bullish. Marke

State of DAX - Calender Week 41 2021

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 State of DAX for Calender Week 41 Welcome to this week's blog post about the state of the DAX. Those who follow us on Twitter might have seen a tweet from Wednesday, stating that there are small signs that the current situations might become better soon:   German stock index #dax - recovery started? #marketbreadth data gets a little bit better (SMA data on first image delayed by one trading day). #dax40 must close above 15 270. SMA 20 is at 15308 (XETRA). pic.twitter.com/LmD3hCF6Dj — Boersen Klaus (@boersen_klaus) October 13, 2021   Shortly afterwards, the DAX began it's climb on the chart. Are we out of the trouble yet? Let's determine that by looking at the index from different perspectives.   Technical Chart for DAX As usual, we'll start with the technical chart for DAX,created on tradingview.com: The SMA 200 band has provided a confident level of support and the DAX managed to climb above the resistance levels 15 270 and 15 500. Also, the falling trendline was

State of Dow Jones - Calendar Week 40

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State of Dow Jones - Calendar Week 40 I publish the "State of DAX" report every weekend, and after I've added some tooling to calculate the same market breadth data for the Dow Jones as well, I've decided that I can also publish a report on the state of the Dow Jones index. Those "reports" are just simple blog posts which try to interpret the current technical and market breadth situation, from my personal perspective and with my limited knowledge. "State of Dow Jones" might be a name that is too big for this blog post series, but I can't think of any other (good) name at the moment. So here we are, starting a new blog post series. Welcome and let's start!   Technical Chart for Dow Jones Total gains/losses for the Dow Jones in October so far: ~ 1,22% Here is the current technical chart for the Dow Jones index, created on tradingview.com: The Dow Jones has seen some interesting trading days! The range between 33 227 and 33 810 is a very impo

State of DAX - Calender Week 40

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Welcome to another episode of the blog post series State of DAX for Calender Week 40 October (or is it UPTOBER!11 ?) has already seen six trading days. The DAX went through difficult times during the last weeks, so it will be really interesting to determine the current state of the German leading stock index. Technical Chart for DAX Total gains/losses for DAX in October so far: ~ + 0,3% (XETRA) Here is the current technical chart for DAX, created on tradingview.com: This chart shows that the index has been moving between the wide range of 14 800 and 16 000 points since March. The all-time high was accomplished on Aug 13, and since then, the DAX has only know one direction - downwards. We've seen a number of falling highs, which means that we are inside of a correction. If this correction stays a healthy correction or becomes something worse, is not yet decided. On Oct 06, the lowest low since May was reached and the DAX has made some minor attempts to recover. The SMA 200 with a to

Dow Jones roundup

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A quick roundup for Dow Jones Dow Jones Market Breadth With this blog post I will provide the latest market breadth data for the Dow Jones index. At the time of writing, the data for today was not delivered yet by our provider, this is why today is not yet included yet in the dashboard. Here is the long-term view of Dow Jone's market breadth data (image provided by https://www.advance-decline.net ):   The McClellan Summation Index for Dow Jones allows comparing the strength of the summer months with today's situation. We can clearly see that bulls have their troubles with the Dow Jones index. Here is the middle-term view of Dow Jone's market breadth data (image provided by https://www.advance-decline.net ) so we can get into detail: The McClellan Oscillator for Dow Jones recovered and is now above the zero line again. This is a slightly bullish sign. The McClellan Summation Index stopped declining but still has very low values. Maybe we will see a bottom here. Now to the in

Dow Jones latest market breadth

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Latest Dow Jones Market Breadth Data   Dow Jones market breadth chart by https://www.advance-decline.net I've added some new tools that allow me to view more historical market breadth data for Dow Jones. I can now look back from April 2020 until today and this helps me to understand how the Dow Jones is doing today. Similar to the graphics I use with the state of DAX, I will generate this market breadth dashboard only when writing blog posts. I've not automated everything yet, so there can't be automated uploads to the website. The McClellan Oscillator for Dow Jones is below the zero line, but advancing. This doesn't look that bad. The McClellan Summation Index for Dow Jones declined, and compared to its high from May 2021, it's a huge decline (from ~ 48 to ~ 4,6). This is bearish. Some words on the technical situation: At the moment the Envelopes are not touched, so the index is not oversold. The index is trading below the SMA 20, though, and the RSI is still belo

State of DAX - Calender Week 39

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State of DAX - Calender Week 39 The end of September was reached and October is finally here. What a month! September was brought the DAX losses > - 3,5%, as this blog post about relative index performance shows . People from the crypto scene are already talking about the "Uptober", because they expect that September is the weakest month of the year and it can only get better. While BitCoin, Ethereum and other crypto currencies already show signs of improvement, this can not be said for the German stock index DAX. So - where is this index standing and what can be expected from the next days or weeks? Technical Chart for DAX DAX technical chart created at tradingview.com   Let's face it: The DAX is captured within the range from 15 000 to 16 000. In this range, it is still trading below the SMA 20 and it even crossed the area around 15 000 again. Envelopes state that the index is oversold. The RSI is below 40 and points downwards, aiming at 30. That's the negative p

21Shares Crypto Basket Index ETP Market Breadth Added

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21Shares Crypto Basket Index ETP Market Breadth Data now available   Today, we've added market breadth data for the 21Shares Crypto Basket Index ETP .   The 21Shares Crypto Basket Index ETP (ticker: HODL) is a popular instrument to invest in crypto currencies. This security as a WKN and ISIN and can be traded with traditional broker accounts. The ETP covers the five biggest crypto currencies based on their market capitalization. When we added this crypto basket to our website on October the 2nd, the following five crypto currencies were covered: BitCoin, Polkadot, Ethereum, Cardana, Cosmos. As usually, we calculate the market breadth data for this index on daily basis (7 days a week).