Weekly Broad Market Indicator Update: Stormy Weather

This week ended with two days of a positive closes on the major indices, however, when we look at it from a broad view, we are clearly not out of hot water yet.  My indicators show a Bear Market.

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 up a little 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. This is a very telling chart. More new lows than new highs. 

7. NYSE 52 Week High Low vs. Dow Convergence/Divergence. The Dow moved up, while the NYSE HILO moved down. Not a positive signal.

8. International Markets. The global dow is well below its 30 week moving average.

9. Cost of a Dividend on the DOW.  Still costly at 36.63.