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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

advance-decline.net: Website for free market breadth data launched!

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Website launched - Free Market Breadth indicators for your favorite indices   A couple of days ago I announced that I started working on a simple website that provides the market breadth data for popular indices. During the last weeks, I usually took a screenshot of the self-generated market breadth visualization and uploaded it to this blog, so everybody could view indicators such as the Advance Decline Line, the McClellan Oscillator or the McClellan Summation index on their own. However, this method was not very efficient, since the visitors had to rely on my posting fresh data over and over again. And of course I didn't have the time to post the market breadth data for every index every day, so it might have happened that some visitors needed the latest market breadth data but did not get it. The clear solution to me was to provide a simple website and upload the daily generated market breadth visualization to this destination. This way, all visitors could browse through the mar