Weekly Broad Market Indicator: All indicators down

No surprise here! All indicators are firmly negative. I remain on the sidelines.


1 - 3. Major indexes vs. their 30 week moving averages. All three indexes blew down past their 30 week moving averages.

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 dropped well below its 200 day moving average.

 7. NYSE 52 Week High Low vs. Dow Convergence/Divergence. This week the NYSE 52 Week High/Low Differential was down (see above chart in #6) and the Dow moved Down (see #1). Both agree in the downward direction.


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 36.36.