Weekly Market Update: Market Improvements

The market is showing some positive signs of improvement this week.  Use Caution, we are not out of the woods yet.  It might be a good time for some short term trades.

1 - 3. Major indexes vs. their 30 week moving averages. The Dow and S&P are above their 30 week moving average this week. The NasDaq did not cross over but is making positive headway.

 4. Convergence of NYSE AD and DOW. Both moved up this week. Click here to see Barron's chart. This is a positive signal.

5. NYSE 200 day Moving Average.The NYSE is above its 200 day moving average this week. Another positive signal.

6. NYSE 52 Weeks Highs vs. Lows.  Third week of good numbers.

7. NYSE 52 Week High Low vs. Dow Convergence/Divergence. Both up.

8. International Markets. The Global Dow is making headway on the 30 week moving average. One word of caution however is that the 30 week moving average is still on a downward slope. 

 9. Cost of a Dividend on the DOW.  Still costly at 38.91