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Crypto Market Barometer released on advance-decline.net

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  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in

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

Envelopes Indicator now available for all stock indices

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Envelopes Indicator now available for all stock indices About the Envelopes indicator and how we implemented it The Envelopes indicator is a very simple, but powerful way to determine if an index is overheated or oversold (if someone knows the correct opposite of the word "overheated" please let me know..). Basically, the Envelopes are shifted copies of an SMA. On https://www.advance-decline.net we use the SMA20, which is a fast and short-term simple moving average, and then add or subtract a few percentage points (our formula is a bit more complex, but you get the point). This provides two lines - the lower and the upper Envelope line, with each of them having a fixed distance to the middle, the SMA20. From our experience we know that the price tends to oscillate between the upper and the lower Envelope lines. Those lines act as a first line of support or resistance, maybe let's call them "soft resistance and support". Usually, the price will bounce at this li

State of Dax - Calendar Week 34

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State of DAX - Calendar Week 34 Another week has passed and we are looking again at the state of Germany's most important stock index, the DAX (30). I've put the number of index components behind the index name since this number will change soon. During mid September, the DAX will house 40 members and we are prepared to reflect this change in our tools and charts. Nervertheless, we still do have 30 Dax members and we are now ready to check on what we call the "health state" of the DAX. Quick overview: Market Breadth Data for DAX Before digging through the market breadth data and what it means, we shall have a look at our huge chart dashboard, containing the most relevant market breadth indicators for the DAX: Market Breadth for DAX: Deep dive It has been an interesting trading week with only little to gain for the DAX. Despite the seasonality, this index is holding up pretty good and we've seen no big dumps so far. But what does the market breadth data tell us? Ad

NIFTY: Market Breadth Data added for six NIFTY indices

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NIFTY stock indices from India: Market Breadth Data for six NIFTY stock indices added to our collection   With great pleasure we announce that we managed to add six stock indices from India to our collection. You can find them on our website for market breadth data (see screenshot above). What market breadth data we'll provide for the NIFTY indices We added six of the NIFTY indices, and for all of them we aim to provide the same relevant market breadth data: NIFTY 50 Advance Decline Line for NIFTY 50 Advanced vs. Declined for NIFTY 50 McClellan Oscillator for NIFTY 50 McClellan Summation Index for NIFTY 50 NIFTY 100 Advance Decline Line for NIFTY 100 Advanced vs. Declined for NIFTY 100 McClellan Oscillator for NIFTY 100 McClellan Summation Index for NIFTY 100 NIFTY 500 Advance Decline Line for NIFTY 500 Advanced vs. Declined for NIFTY 500 McClellan Oscillator for NIFTY 500 McClellan Summation Index for NIFTY 50 NIFTY NEXT 50 Advance Decline Line for NIFTY NEXT 50 Advanced vs. Dec

BCI10 Crypto Index from BitPanda what's happening right now?

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BitPandas BCI 10 Crypto Index: What's happening right now? After a strong weekend for crypto, some major currencies seem to take a break from the rally. The BCI 10 Crypto Index represents 10 crypto currencies and might help us to understand: What's happening right now?   Before I start writing, let's look at the BCI10 Crypto Market Breadth data:   Source: https://www.advance-decline.net/crypto-indices/bci-10/ Dissecting the Crypto Market Breadth Data Some would say crypto was overheated a bit after the last strong weekend.  The McClellan Oscillator dances with its zero line, while the McClellan Summation Index seems to have created a top. Values for this indicator are very high, comparable to the golden times from the beginning of the year. The percentage of BCI 10 members trading above their SMA 50 is very high. The percentage of BCI 10 members trading above their SMA 100 is very high. The percentage of BCI 10 members trading above their SMA 200 is continuously rising and