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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

Working on a website for providing market breadth data

I have started to make plans regarding a simple website which presents market breadth data for "old school" stock indices and some crypto indices. Current situation Currently, a set of tools, a time-series database and a visualization tool run frequently to generate the results I've been presenting through screenshots on this blog. Those mechanics run on a little private server for my own analytics purposes. There is no way I can grant third parties access to my private server, so I have to screenshot the graphs and upload them in this blog. I realize that this is not a very good way of sharing information with you.  This is why I've been thinking about other ways to publish the results of my calculations for market breadth data. Setting the scope I'm doing a lot of thinking about what I actually want to present to my small audience: Do I want to present raw data only, being visualized by simple graphs? Do I want to present insights, e.g. by marking divergences or