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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 DAX - Calender Week 41 2021

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 State of DAX for Calender Week 41 Welcome to this week's blog post about the state of the DAX. Those who follow us on Twitter might have seen a tweet from Wednesday, stating that there are small signs that the current situations might become better soon:   German stock index #dax - recovery started? #marketbreadth data gets a little bit better (SMA data on first image delayed by one trading day). #dax40 must close above 15 270. SMA 20 is at 15308 (XETRA). pic.twitter.com/LmD3hCF6Dj — Boersen Klaus (@boersen_klaus) October 13, 2021   Shortly afterwards, the DAX began it's climb on the chart. Are we out of the trouble yet? Let's determine that by looking at the index from different perspectives.   Technical Chart for DAX As usual, we'll start with the technical chart for DAX,created on tradingview.com: The SMA 200 band has provided a confident level of support and the DAX managed to climb above the resistance levels 15 270 and 15 500. Also, the falling trendline was

State of DAX - Calender Week 39

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State of DAX - Calender Week 39 The end of September was reached and October is finally here. What a month! September was brought the DAX losses > - 3,5%, as this blog post about relative index performance shows . People from the crypto scene are already talking about the "Uptober", because they expect that September is the weakest month of the year and it can only get better. While BitCoin, Ethereum and other crypto currencies already show signs of improvement, this can not be said for the German stock index DAX. So - where is this index standing and what can be expected from the next days or weeks? Technical Chart for DAX DAX technical chart created at tradingview.com   Let's face it: The DAX is captured within the range from 15 000 to 16 000. In this range, it is still trading below the SMA 20 and it even crossed the area around 15 000 again. Envelopes state that the index is oversold. The RSI is below 40 and points downwards, aiming at 30. That's the negative p

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

Crypto index: BCI5 and BCI10 market breadth data

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Crypto on the rise again? Market breadth data suggests a turnaround Here is the latest data for BitPandas crypto currency indices BCI5 and BCI10. I will show you the values for the Avance Decline Line, Advanced vs. Declined, the McClellan Oscillator, the McClellan Summation Index and the percentage of index members trading above their SMA50, SMA100 and SMA200.   BitPandas Crypto Index BCI10: Market breadth data     BitPandas Crypto Index BCI5: Market breadth data