Posts

Showing posts with the label Nikkei225

State of Dow Jones - Calendar Week 41 2021

Image
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

Indices performance in September

Image
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%

Nikkei 225 slightly overheated 01.09.2021

Image
Nikkei slightly overheated New month, new "overheated" alert! From my point of view, the Nikkei 225 looks slightly overheated after breaking out from lower levels. Nikkei 225 Market Breadth and Envelopes The price touched the envelopes and almost reached the border of the upper band. The last time the Nikkei 225 crossed the upper Envelopes band was in February 2021. Since then, every time it touched the upper band, it bounced back one trading day later. The Advance decline Line did not rise above the last high, which is some kind of divergence.  The McClellan Oscillator for Nikkei 225 reached the highest level since mid August and the McClellan Summation Index for Nikkei 225 just touched the value 30 line. From a technical point of view, this index is now looking stronger than during the last weeks. It will be interesting to see if the break out will continue. PS: The Nikkei 225 closed above the SMA 200 today. It was closing above the SMA 20 two trading days ago.

Nikkei 225: Buy signal close?

Image
Nikkei 225 Japan stock index: Is a buy signal close?   The technical chart doesn't look so good for the Nikkei 225. It has been showing lower lows for quite a while now and it failed to form a bottom during the last two weeks. Let's check where we are standing with the market breadth data?   As you can see, the long-term indicator McClellan Summation Index formed a top and then began its rapid decline. It's a positive thing, however, that it did not decline any further during this trading day. The short-term indicator McClellan Oscillator has been below the zero line for 6 days in a row and is now near zero again.  Some consider crossing the zero line a buying signal, so one could hope for a good trading session tomorrow and then have a trigger for a long trade. It's not so clear for me, though. The secondary trend of the Nikkei 225 is downwards, meaning one would buy against the current trend. So if you are looking for a buy signal, maybe combine positive market breadt

Nikkei 225 reaching new lows (20.08.2021)

Image
Nikkei 225 index and Advance decline Line reaching new lows On 16.02.2021, Japan's Nikkei 225 index started its correction on a very high level. At the moment, the index is trading 12,77% lower than on that specific day in February this year. Looking at the chart, a new low was reached a couple of hours ago, and even the Advance Decline Line followed the price, also reaching a new low in this correction. The Advanced vs. Declined data, however, went up during the last trading day. This doesn't mean anything yet, though. The McClellan Oscillator declined the third trading day in a row, while the McClellan Summation Index is already on day four of declining. Although we reached new lows, it doesn't mean that the correction will gain speed again. When looking at the plain candle chart (we don't have that one here, I know), it actually seems like a bottom could have been reached at the LOW of the last trading day (~ 26 978). This seems to be a support level, at it will be i

Advance Decline Line for CAC 40 AEX25 Hang Seng IBEX 35 Nikkei 225

Image
Here is today's simple market breadth data. Simple, because it is "only" the Advance Decline Line and Advanced vs. Declined data for some indices.   AEX 25 Amsterdam Index Advance Decline Line and Advanced vs. Declined CAC 40 Advance Decline Line and Advanced vs. Declined Hang Seng Advance Decline Line and Advanced vs. Declined IBEX 35 Advance Decline Line and Advanced vs. Declined Nikkei 225 Advance Decline Line and Advanced vs. Declined  

Advance Decline Line for Nikkei 225, Hang Seng, SMI, ATX, CAC40

Image
Here is the latest market breadth data for some interesting stock indices.   Nikkei 225 market breadth Nikkei 225 Advance Decline Line and Advanced vs. Declined   Hang Seng market breadth Hang Seng Advance Decline Line and Advanced vs. Declined     SMI market breadth SMI Advance Decline Line and Advanced vs. Declined CAC 40 market breadth CAC 40 Advance Decline Line and Advanced vs. Declined   ATX market breadth ATX Advance Decline Line and Advanced vs. Declined      

Advance Decline Line and McClellan Indicators for Hang Seng and Nikkei 225

Image
Here is some recent data on the Hang Seng and the Nikkei 225 indices. I'll show you the Advance Decline Line and the Advanced vs. Declined data. The McClellan indicators will be available after the next 7 trading days for Nikkei 225. Huray! Nikkei 225 Advance Decline Line and Advanced vs. Declined Hang Seng Avance Decline Line and Advanced vs. Declined The price decline on the Chinese market is also reflected heavily in the Hang Seng course. The graphs above leave no room for interpretation.

Advance Decline Line for SMI, Nikkei225, Nasdaq 100 and many more

Image
Here is today's Advance Decline Line and Advanced vs. Declined data for several international stock indices. STOXX EUROPE 600 AEX 25 Amsterdam Index ATX Dow Jones Nasdaq 100   Nikkei 225   SMI