Posts

Showing posts with the label adbance vs. decline

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

BitPandas Crypto Index BCI 10 - Market Breadth 7th August 2021

Image
BitPanda Crypto Index BCI10 - Market breadth data as of today (7th August 2021) BitCoin and Ethereum, the two largest members in the BCI10 crypto index from BitPanda, gained more ground during the last 48 hours, thus making it a very interesting weekend for crypto fans and investors. How does the market breadth data reflect the current gains? The Advance Decline Line reflects the end of the recent correction; it is still on the rise Advanced vs. Declined Data obviously has a strong phase; since July the 21th 2021, the graph has spended most time around the value of 10 The McClellan Oscillator reached the highest values since I began to generate market breadth data for this index; currently, this indicator is loosing momentum but it is still positive and above the zero line The McClellan Summation Index passed the 0 line on July the 30th, giving positive signals to cyclical traders and investors The percentage of BCI10 crypo index members trading above their SMA50 began to rise from 0 t

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    

Advance Decline Line for S&P 500 and Nikkei 225

Image
Advance Decline Line for S&P 500 and the Nikkei 225 Here is the Advance Decline Line and Advanced vs. Declined data for S&P 500 and the Nikkei 225 indices. As usual, I just made some screenshots of my data dashboard which displays my self-generated market breadth data on several stock indices. Advance Decline Line and Advanced vs. Declined for S&P 500   Advance Decline Line and Advanced vs. Declined for Nikkei 225   Access to daily-updated market breadth data (my dashboard) I generated much more market breadth data on several stock indices, however, I do this for my own investment due diligence. I might find a way to post (delayed) data here on this blog or another website automatically so you guys don't have to rely on me posting screenshots all the time. I can't open up my data dashboard here for all of you because the number of requests would require more servers (and thus would cost more money). This is why my data dashboard is private for now. Head over to my P

State of Dax - Calendar Week 28

Image
State of Dax - Calendar Week 28 Today's post is about the state of Germany's leading stock index, DAX (sometimes also called DAX30 or GER30). We're trying to determine the health of DAX 30 by looking at the DAX Advance Decline Line, Dax McClellan Oscillator, Dax McClellan Summation Index and the Dax members above their SMA50, SMA100 and SMA200.   Dax Advance Decline Line and Advanced vs. Declined The image above shows the historical data of Dax along with the Dax Advance Decline Line and the Advanced vs. Declined graph. Along with the price, the Advance Decline data decreased this week. There is still no warning signal for a big correction since there is no divergence in Advance Decline Line vs. Dax and the Advanced vs. Declined data is still in normal range. At the moment, this looks like the price's movement sticks within the range we've seen during the last 6-7 weeks and the advance decline data follows those upside-downs. However, the current situation should be

Adding Advance Decline Line data for AEX25, ATX, CAC40, HangSeng, IBEX35, SMI and StoxxEurope600

Adding Advanced vs. Declined and Advance Decline Line Data for new Stock Indices Today I released a new version of my tool set which collects and calculates breadth data for stock indices. The following stock indices were added today: SMI (Swiss) AEX 25 Amsterdam Index (Netherlands) CAC 40 (France) IBEX 35 (Spain) Hang Seng (Hong Kong) Stoxx Europe 600 (Europe)   This means we will soon have Advanced vs. Declined, Advance Decline Line, McClellan Oscillator and McClellan Summation Index data ready for SMI, AEX 35, CAC 40, IBEX 35, the Hang Seng and the Stoxx Europe 600.   Since data collection for those indices started Friday night, it might take a while until useful data can be generated for the stock indices mentioned above. However, we already have a couple of stock indices in our database, which means useful data is already available for those: DAX (Advance Decline Line, McClellan) TECDAX (Advance Decline Line, McClellan) SDAX (Advance Decline Line, McClellan) MDAX (Advance Decline

State of Dax - Calendar Week 27

Image
  Let's have a look at the biggest stock market index in Germany, the DAX (30) (or sometimes also called GER 30).   What is the state of Dax as of 11.07.2021? There is a small surprise hidden in the data this week.   DAX members above SMA50, SMA100 and SMA 200 Compared to last week, more members are now above their SMA 50, but fewer are above SMA 100. The number of index members above SMA 200 did not change.   Those are still good values, showing that the trend is sideways, but there is no big warn signal regarding bearish scenarios.   Let's see how those values developed during the last 90 days:   Those lines undermine the fact that the positive trend turned into a sideways trend, with fewer index members being on the (fast) rise. But, for the first time since end of April, the amount of index members trading above their SMA 50 has become bigger than the amount of index members trading above their SMA 100. This is a positive signal, however not necessarily a strong one since