Saturday, February 6, 2016

Weekly Market Update: Bear Market Continues

My indicators continue show a Bear Market.

1 - 3. Major indexes vs. their 30 week moving averages. All three indexes have downward sloping 30 week moving averages and their close lines are still below the moving average.








4. Convergence of NYSE AD and DOW. Both moved down this week. Click here to see Barron's chart.



5. NYSE 200 day Moving Average.The NYSE is still well below its 200 day moving average.



6. NYSE 52 Weeks Highs vs. Lows. Some improvement, but still more new lows than new highs.


7. NYSE 52 Week High Low vs. Dow Convergence/Divergence. The Dow moved down and the NYSE HILO moved up but not enough for me to consider it a positive sign as the NYSE is still in negative territory.




 8. International Markets. The Global Dow is still way below its 30 week moving average.



9. Cost of a Dividend on the DOW.  Still costly at 36.90

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