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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

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