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Showing posts with the label nasdaq100

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

Indices performance in September

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Relative performance of stock indices in September Probably the chart of the month: The image above shows the relative performance of selected stock indices. As you can see, most indices performed badly during September. Only Nikkei 225 was able to carry some gains into the next month. HangSeng > -6% Nasdaq 100 > -5% Dow Jones ~ -4% Dax ~ -3,5% Nikkei 225 ~ +2,7%   Relative indices performance of last 6 months   Relative indices performance of last 12 months   Relative indices performance of last 12 months compared to Bitcoin and Ethereum Bitcoin: From 100% to 406% Ethereum: From 100% to 840%

Mini break for NASDAQ 100 - for now

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Mini break for NASDAQ 100 - for now The NASDAQ 100 took a mini break from chasing new record highs and is now trading within a narrow range. Technical chart (daily) for the NASDAQ 100 Technical chart (daily) created at tradingview.com The technical chart with the simple Envelopes reveals that the index is no longer considered as overheated and the RSI confirms this. The distance to the SMA 20 remains high but declined a little bit. One earlier high at 15447 serves as a level of confidence while one level above, at 15526, proved itself as a level of support, setting the lower limit for the current trading range.   As long as the index remains above 15 447 on the daily chart, there is nothing to worry about.   Technical chart (hourly) for the NASDAQ 100   Technical chart (hourly) created at tradingview.com   Talking of trading range - the hourly chart of the NASDAQ 100 with modified Evenlope settings gives a nice impression of the current range where a mini break and mini consolidation a

NASDAQ 100 following a strong trendline

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NASDAQ 100 following a strong trendline I've been covering the NASDAQ 100 multiple times during the last days as you've seen. The reason for this is that this leading tech index shows an incredible strength despite the Tapering discussions and the various risks which emerged during the last weeks. Together with you, I want to understand where the chances and risks are for this index. NASDAQ 100 Chart Source: tradingview.com The image above shows a simple NASDAQ 100 chart with the leading trendlines. As you can see, there is a corridor limited by a supporting trendline and a line which might be a resistance line. The index has touched this upper line multiple times and has been trading just beneath it for four days in a row. I believe that this trendline is of great importance and chances are high that the NASDAQ 100 will not cross it soon (just my personal opinion). At the moment, this trendline also crosses the upper border of the Envelopes, so there is even another resistance

State of NASDAQ 100 on last day in August 2021

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State of NASDAQ 100 on the last day in August 2021 Despite the summer season, the NASDAQ 100 index leaves August with gains as high as ~ 3,6 %.    What is the outlook for September? Here is the... Latest Market Breadth Data for NASDAQ 100     NASDAQ 100 Market Breadth Data Visualizations by advance-decline.net As expected yesterday , the NASDAQ 100 bounced away from the border of the upper Envelope band but still remained within the upper band. This means the index is slightly overheated on the daily time frame. The Advanced vs. Declined Data is negative for today.  The McClellan Oscillator also declined, but is still positive. The McClellan Summation Index, however, is climbing, but still negative. NASDAQ 100 Outlook for September Obviously, I can't make any predictions. The seasonality is again not strong for the first weeks of September, and on the technical chart, the Nasdaq 100 just bounced away from an important trend line. At the moment, the chart provides several limits fo

NASDAQ 100 unchained on 30.08.2021

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NASDAQ 100 Unchained Despite my estimation I published with yesterday's blog post , the Nasdaq 100 managed to climb another 1,12% today.  What's our perspective on the current situation?   NASDAQ 100 Market Breadth Data and Envelopes Source: Nasdaq 100 Market Breadth Data    The price stopped at the top border of the upper Envelope band . Really, chances are now very high that the price will move into the opposite direction during the next trading day. Breaking through the upper band is a rare event and happened once per 3 months during the last year (it's not entirely correct, but you get the point). Nasdaq 100 Advances vs. Declines actually declined today. The McClellan Oscillator gives very bullish signals while the McClellan Summation Index is moving towards the zero line with medium speed.

NASDAQ 100 - Interesting Monday ahead (29.08.2021)

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NASDAQ 100 - How the new week could start The NASDAQ 100 has delivered. I don't know if we are going to see a new record high every week until the Tapering begins, but the strength of this index is remarkable. While we can not make any predictions for the next months, we still can look how the chances are for the NASDAQ 100 on Monday. NASDAQ 100 Market Breadth Data The NASDAQ 100 market breadth is provided by https://www.advance-decline.net The image above shows the market breadth for the index NASDAQ 100. What you can't see is that the NASDAQ 100 is moving along a rising trend line, starting on 16.02. and touching it on 26.07., 24.08., 25.08 and on last Friday (27.08.). It looks like that the NASDAQ 100 has troubles crossing this trend line, and often the index touches the upper Envelope band, which is usually a sign of overheating. So there are already two limiting factors, and it might take a very strong impulse for the price to overcome those limits. It is more likely that

NASDAQ 100 Market Breadth - Will this index continue to advance?

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NASDAQ 100 Market Breadth - Where will the leading tech index go? Yesterday I already covered the Nasdaq 100 index and its market breadth data. Today I want to check what changed and if I was right about today's development: Advanced vs. Declined reached a positive extreme today, so there is a high chance that the index will have only small or no advances during the next trading day at all.  This turned out to be true. The Nasdaq 100 gained 0,29% today, which is good, but it's not a big jump. Advanced vs. Declined Data was in good balance today, so for tomorrow, there would be much room on the positive and the negative extreme. Technical analysts might look at the chart and see three things: There was a light bearish divergence with the RSI during the last weeks (but it's resolved now) The NASDAQ 100 is near a topping trend line which was touched end of July for the last time The NASDAQ 100 reached the upper side of a statistic corridor, meaning it is highly unlikly that

NASDAQ 100 with ongoing strength (23.08.2021)

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NASDAQ 100 rising and rising and rising.. NASDAQ 100 unchained! What an incredible run this index had during the last weeks. Some people have been worried about this leading tech index because the FED might announce the end of the money floods during the upcoming days. Despite the upcoming event risk, the index is going upwards, marking a signal of strength.  If you like technical analysis, you might find the current chart appealing aswell.   But what does the market breadth data for Nasdaq 100 tell us? Market Breadth Data for Nasdaq 100, taken from https://www.advance-decline.net   Advanced vs. Declined reached a positive extreme today, so there is a high chance that the index will have only small or no advances during the next trading day at all. The Advance Decline Line for NASDAQ 100 shows no divergence.  The McClellan Oscillator for NASDAQ 100 crossed the zero line today, which provides a buy signal for all cyclical traders with a short-term scope. The McClellan Summation Index f

18th August 2021 S&P500 Dow Jones Nasdaq 100 Market Breadth

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  Fed minutes causing drops in major US indices Today's published Fed minutes indicate that there are thoughts about ending the money flood this year instead of next year or the year after. This led to a small sell off. Now, market breadth data - including today's trading day - is interesting. All three major US indices that are listed below - the S&p 500, the Dow Jones and the NASDAQ 100 - reached extreme values for their Advanced vs. Declined data. Usually, if such an extreme is reached, there is at least a small reaction in the opposite direction. It will be interesting to see on Thursday if the markets realize that today's news weren't so bad at all. Will the markets calm down tomorrow?       S&P 500 Source for market breadth data: advance-decline.net   For S&P 500, the McClellan Summation Index is still in a good place. The short-term indicator McClellan Oscillator, however, is negative the second day in a row. Dow Jones The Dow Jones McClellan Oscillat

Advance Decline Line and Advanced vs. Declined for Dow Jones and Dax and S&P 500 and Euro Stoxx 50 and Nasdaq 100

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  Dow Jones Advance Decline Line and Advanced vs. Declined     Dax Advance Decline Line and Advanced vs. Declined S&P 500 Advance Decline Line and Advanced vs. Declined Euro Stoxx 50 Advance Decline Line and Advanced vs. Declined   Nasdaq 100 Advance Decline Line and Advanced vs. Declined   State: 19.07.2021 or 2021-07-19