Showing posts with the label market breadth chart

State of Dow Jones - Calendar Week 41 2021

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 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 40

Welcome to another episode of the blog post series State of DAX for Calender Week 40 October (or is it UPTOBER!11 ?) has already seen six trading days. The DAX went through difficult times during the last weeks, so it will be really interesting to determine the current state of the German leading stock index. Technical Chart for DAX Total gains/losses for DAX in October so far: ~ + 0,3% (XETRA) Here is the current technical chart for DAX, created on This chart shows that the index has been moving between the wide range of 14 800 and 16 000 points since March. The all-time high was accomplished on Aug 13, and since then, the DAX has only know one direction - downwards. We've seen a number of falling highs, which means that we are inside of a correction. If this correction stays a healthy correction or becomes something worse, is not yet decided. On Oct 06, the lowest low since May was reached and the DAX has made some minor attempts to recover. The SMA 200 with a to

State of DAX - Calendar Week 36

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   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