Broad Market Indicators #1 - #3: 30 Week Moving Average on the Major Indices

What are the broad market indicators? Indicator #1 – #3 looks at the major indexes on a weekly basis to see if the price is above or below the 30 week moving average. The key here is weekly, not daily basis, as this view allows us to see things on a broader macro level.

The Indexes vs. the 30 Week MA indicator started to flash warning signs in July and then broke the 30 week moving average in August. They recovered in the beginning of October but are now hovering just above, with the exception of the Global Dow which is well underneath the moving average.