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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

Indices performance in September

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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%

Dow Jones and DAX quick analysis

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Dow Jones and DAX quick analysis The first trading day after the elections in Germany is over. Reason enough to take a quick look at the DAX. Its bigger brother, the Dow Jones, is always an interesting index so I don't need a particular reason for a quick analysis. DAX situation Technical chart for DAX created at tradingview.com The DAX started very good into this trading day with gains around ~ +1,21%. Experts say that many investors liked that the outcome of the elections in Germany make an unwanted constellation for a government coalition impossible. Instead, stability can be expected from the next German government. Other investors seemed to be scared of long negotiations between the parties that could form the next coalition. During the day, those gains shrunk to ~ +0,27%, but a gain is a gain. On the chart it means that the DAX continues to trade below the SMA 20, but at least it trades above the important support line at 15 500. The RSI is still below 50. Technically, the si

State of DAX - Calendar Week 38

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State of DAX - Calender Week 38 Vacation is over and another "State of DAX" report is due. During the past two weeks, we've seen a dip, realized that Evergrande in China is no longer able to pay out the investors and we still deal with the "usual" problems, such as the Corona pandemic. In addition, the amount of DAX components grew from 30 to 40. Lots of things are moving the DAX and it will be interesting to look at the state of the German stock index. Technical Chart for DAX DAX technical chart created at tradingview.com The DAX fell through the lower Envelope band and gave a clear oversold signal on the short-term time window. At the moment, the price is again between the Envelope bands but failed to reconquer the SMA 20. As long as the price is between the SMA 20 and the lower Envelope band, I speak of a bearish or weak phase on the short-term time window. At least the DAX managed to trade above 15 500 again, an important area of support and resistance. Howe

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, Ni

State of DAX - Calendar Week 36

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State of DAX - Calendar Week 36 Another seven days have passed since the last episode of our blog post series about the "State of DAX". This time we're looking at a trading week with a small loss (> 1%) while we are in the middle of a period with weak seasonality. Corona, Afghanistan, upcoming elections here in Germany, challenges for the economy, inflation and "interest angst" - there is plenty of reason for investors to stand on the sideline. Oh, and at the end of this month, we will be looking at the DAX 40 instead of the DAX 30. There will be much to talk about in the next weeks!   But let's focus on the state of the leading German stock index by looking at the data. Technical Chart for DAX   DAX technical chart created at tradingview.com   On last Thursday, the DAX touched the lower Envelope band, giving a short-term and small "oversold" signal. On Friday, the index managed to gain some ground again, moving away from the Envelopes, but stil

DAX falling and rebounding as expected

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DAX falling and rebounding as expected An arrogant headline, true. Market breadth data simply nailed it and yesterday, I announced on twitter that anti-cyclical traders will have their chance : Dax nearly touched the lower Envelope band today. The last time this happened was nearly two months ago. The index is trading below its SMA 20 and the McClellan Oscillator reached -2 again. Good chance to buy the dip if you're anti-cyclical. #dax #trading #marketbreadth pic.twitter.com/bmgqJmzXD9 — Boersen Klaus (@boersen_klaus) September 8, 2021   But also the technical chart provided an indication how deep the DAX might fall today. Technical chart and analysis for DAX Technical chart for DAX with Envelopes and RSI, created on tradingview.com The orange trendlines mark the ongoing mini consolidation for the DAX. The limiting line on the top was already present, but it was unclear, at least for me, where its counterpart at the bottom would appear. But after today's trading day, it

State of DAX - Calendar Week 35

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State of DAX - Calendar Week 35 It is Sunday again and with the end of this calendar week it is time to look back on the last five trading days and determine the "State of DAX". Before we do that, we take a short look on the recently announced stocks which will increse the DAX member count by 10, from DAX30 to DAX40: Airbus SE Zalando SE Siemens Healthineers AG Symrise AG HelloFresh SE Sartorius AG Vz Porsche Automobil Holding Brenntag SE Puma SE Qiagen N.V. The DAX 30 will be trading as the DAX 40 for the first time on September the 20th. Market Breadth for DAX 30   Here is the latest market breadth data for the German stock index DAX30: Market Breadth Data for DAX provided by https://www.advance-decline.net The Advance Decline Line for DAX declined more than the index did, which could be a sign of weakness. It means that probably only few DAX components hold up the flag for this index. The Advanced vs. Declined data was captured within a narrow range, with a breakout on th

State of Dax - Calendar Week 33

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State of Dax - Calendar Week 33 Welcome to another episode of my little blog post series about the "State of Dax", this time for the ending calendar week 33. Last week on Sunday I was able to point out that the Dax reached a new all-time. Since then, the Dax lost a few points. So - what's the current health state and what is the outlook for new week? All Market Breadth Data for DAX Let's jump right into the data. Here is the dashboard with the index and the market breadth indicators:   Dissecting the chart dashboard and the market breadth data for DAX Let's try to talk about what we see on the chart dashboard above: Advance Decline Line for DAX: The Avance Decline Line seems to follow the index step-by-step, I see no divergences here, only "harmony" ;)  Advanced vs. Declined for DAX: Since the beginning of August, the net advances tend to move within a small corridor, only undermining the sideways trend we are in McClellan Oscillator for DAX:  After bein

State of Dax - Calendar Week 32

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Hello and welcome to today's blog post about the State of Dax for Calendar Week 32

State of Dax - Calendar Week 31

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State of Dax - Calendar Week 31 Welcome back to another episode in the "State of Dax" blog post series. The German stock index DAX climbed again, now residing near its alltime high. It will be very interesting to see if this index will beat its own record although August is a weak trading month according to seasonal statistics. But well, let's see - what is the current state of Dax? Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200 Again I took a screenshot of my latest charting dashboard, containing all the interesting stuff for this stock index. Let's check every indicator: The Advance Decline Line is almost a perfect mirror of the index; this supports the current price movements Advanced vs. Declined slowly advanced during the last trading days, almost forming a clean upwards trend. Neutral.. McClellan Oscillator for Dax: Above the zero line again, Slightly bulli

Advance Decline Line: MDAX SDAX TECDAX DAX

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For each German index in my list, I'll give you the Advance Decline Line and the Advanced vs. Declined data. The McClellan Oscillator and the McClellan Summation Index will be published regularly after this trading week. Yay! TecDax Advance Decline Line and Advanced vs. Declined SDAX Advance Decline Line and Advanced vs. Declined MDAX Advance Decline Line and Advanced vs. Declined DAX Advance Decline Line and Advanced vs. Declined

State of Dax - Calendar Week 30

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State of Dax - Calendar Week 30 It is weekend again! The last trading month July lies behind us and it is again time for us to take a look at the state of the German stock index DAX. Let's start! The last weeks The last weeks have certainly being interesting. The Dax is in a sideways trend, with almost no gains or losses during July (+0,08%). Seasonal effects surely apply during this summer. Advance Decline Line for Dax, Advanced vs. Declined, McClellan Oscillator and McClellan Summation Index, % of members trading above their SMA50/100/200 As mentioned in previous blog posts, I created a new charting dashboard. It includes all graphs I have in a single interactive dashboard. I can't share this interactive version if you due to missing server resources, but I can export everything as an image. So well, what's the current state? As you can see, the Advance Decline Line shows no divergence with the index. Advanced vs. Declined reached the lower extreme during the last trading

Dax: Percentage of Dax members above SMA 200 again below 80 percent

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  Just a simple observation without any interpretation from my side: Yesterday, the percentage of Dax members trading above their SMA 200 again went below the threshold of 80%:   The McClellan Summation index looks like this: Data is delayed by one trading day.  

Dax breadth: Members above SMA50, SMA100 and SMA200

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Here is the delayed data for Dax market breadth data, percentage of members above their SMA50, SMA100 and SMA200: Since the Dax declined two days in a row, this market breadth data should be more interesting then I receive the updated data tomorrow. But at the moment this market breadth data shows no warning signs. For the sake of completeness, here is also the Advance Decline Line and the Advanced vs. Declined data for the Dax:

State of Dax - Calendar Week 29

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State of Dax - Calendar Week 29 As usual, I'll walk you through the state of Dax, according to market breadth data. We're in calendar week 29 and have an interesting trading week behind us! Let's look at the latest information.       Advance Decline Line and Advanced vs. Declined for Dax McClellan Oscillator and McClellan Summation Index for Dax % of Dax members above SMA50, SMA100 and SMA200     Last week's "State of the Dax" blog post mentioned that for the SMA50 a  threshold was reached. More than 50% of the Dax members traded below their SMA50, which means they switched to a downside trend. We're still below that 50%.         I also stated that for the Dax members trading above their SMA 200, a critical threshold was reached (but not breached yet). I claimed that it would not be a good sign if this number decreased any further, but then the huge dip came on the next trading day. Let's see what this graph looks like today: The 80% threshold was brea

Delayed Dax data: Members above SMA200, Advance Decline Line, McClellan Oscillator and McClellan Summation Index for Dax

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I'll hand out some data to the state of DAX although it's the middle of the week. Note that the data is delayed by one trading day, meaning it is from Monday evening. Dax components/members above their SMA200/50/100   Dax McClellan Osciallator and McClellan Summation Index Finally Dax Advance Decline Line and Advanced vs. Declined data     It surely is an interesting trading week!

Advance Decline Line and Advanced vs. Declined for Dow Jones and Dax and S&P 500 and Euro Stoxx 50 and Nasdaq 100

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  Dow Jones Advance Decline Line and Advanced vs. Declined     Dax Advance Decline Line and Advanced vs. Declined S&P 500 Advance Decline Line and Advanced vs. Declined Euro Stoxx 50 Advance Decline Line and Advanced vs. Declined   Nasdaq 100 Advance Decline Line and Advanced vs. Declined   State: 19.07.2021 or 2021-07-19

State of Dax - Calendar Week 28

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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