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Showing posts with the label nikkei 225

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

Vacation Time Roundup (2021)

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Vacation Time Roundup (2021) What happened during the last 10 days? Vacation is over :( and it is time to catch up with the markets. What happened during the last 10 days? blog.advance-decline.net listed as a Top 100 Trading Blog on Feedspot I'm happy to announce that Feedspot recently included this little blog here into its list of the Top 100 Trading Blogs in the web. Feedspot helps you to discover and follow interesting blogs covering various topics, including trading and investing. Check out their website if you are open to discover new and interesting blogs! Major indices dropped The chart above visualizes the price development for selected indices during the last 10 days, compared to market opening on day one. Almost all selected indices declined and did not recover yet from the sharp drop we've seen with its lowest low on September the 20th: The German tech stock index TECDAX gained 0,74% during this period The indices NASDAQ 100, Dow Jones, SDAX, DAX, TECDAX, MDAX, Ni

Nikkei 225 - rally break or turnaround?

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Nikkei 225 - rally break or turnaround? After some incredible days for Japan's leading stock index it is time to look at the technical and market breadth data. Will we get a glimpse of what's about to happen next? Technical situation of Nikkei 225 Technical chart created at tradingview.com   The Nikkei 225 had a breakout and left the bullish flag behind. After three strong trading days, the price is more than 3,8% away from the upper Envelope border (simple version). According to this measurement, the index is still overheated but since the Envelopes are also rising, they will eventually be on the same level again within a couple of trading days.   Even more interesting is the fact that the SMA 20 is now ~6,7 % away and honestly, this is an extreme value. This underlines the strength of the trend, but also creates some worries since we all know that the price tends to come back to the SMA 20 at some point.    The Nikkei 225 managed to overcome the level at 29480 and the barrier

End of correction for Nikkei 225?

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End of correction for the Nikkei 225? Technical chart of the Nikkei 225, the leading stock index in Japan Source: tradingview.com The Nikkei 225 has seen several strong days after bouncing from the support level at 27 000. During the last trading days, it looked like the price will stop at the upper border of the Envelopes (see technical chart above). However, there was some tailwind from politics today which led to another strong trading day. In my version of the technical chart, the Nikkei 225 stopped at the limiting trendline. When looking at the Envelopes, the index is now overheated. The next two treading days will show if the Nikkei 225 will keep its momentum and overcome the limiting area. If so, and if confirmed by another candle, the index will have some potential to maybe 30 700 on the middle timeframe. However, with a distance of roughly 5,7% from the SMA 20, it is unlikely that the index will continue at this speed.  Market Breadth Data for Nikkei 225 The Advance Decline fo

An update on the Nikkei 225 and the McClellan Oscillator or McClellan Summation Index

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I bet some of you can't wait to see the McClellan Oscillator and the McClellan Summation Index data for the Nikkei 225. Just a little more patience, please. I started running calculations on the Nikkei 225 on the 11nd June 2021. It takes at least 39 trading days until the McClellan indicators can be calculated. Useful data will be visible after another week, and after another month, one can start seeing the bigger picture (for a small time frame, though). At the moment, we will have to wait 10 more trading days until the breadth data will be complete for the Nikkei 225.  I could start collecting historical data for all index components and the run my calculations. But unfortunately this would consume too much of my spare time and at the moment I can't do it. If you happen to have some spare time and want to help me with this project feel free to get in touch with me. In the mean time, here is the latest Advance Decline Line and Advanced vs. Declined data for the Nikkei 225 stoc

Advance Decline Line for S&P 500 and Nikkei 225

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Advance Decline Line for S&P 500 and the Nikkei 225 Here is the Advance Decline Line and Advanced vs. Declined data for S&P 500 and the Nikkei 225 indices. As usual, I just made some screenshots of my data dashboard which displays my self-generated market breadth data on several stock indices. Advance Decline Line and Advanced vs. Declined for S&P 500   Advance Decline Line and Advanced vs. Declined for Nikkei 225   Access to daily-updated market breadth data (my dashboard) I generated much more market breadth data on several stock indices, however, I do this for my own investment due diligence. I might find a way to post (delayed) data here on this blog or another website automatically so you guys don't have to rely on me posting screenshots all the time. I can't open up my data dashboard here for all of you because the number of requests would require more servers (and thus would cost more money). This is why my data dashboard is private for now. Head over to my P

Advance Decline Line for Nikkei 225 and Euro Stoxx 50 for 14.07.2021

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  This is the latest data for the Advance Decline Line for Nikkei 225 and Euro Stoxx 50 for today (14.07.2021)  Advance Decline Line for Nikkei 225   Advance Decline Line for Euro Stoxx 50  

Advance Decline Line for Nikkei 225 and Euro Stoxx 50

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 Today I'll publish my data for the Advance Decline Line for Nikkei 225 and Euro Stoxx 50. As you'll see, there are no clear signals besides that this breadth indicator confirms the price movements of each indicator. Let's start with Nikkei 225: Now let's head over to Euro STOXX 50: Interested in the Advance Decline Line for Dax, Dow Jones, MDAX, NASDAQ 100, S&P500, SDAX and TecDax? Drop me a note or simply visit my Patreon page: Breadth data for big stock indices on Patreon by Boersen Klaus