Weekly Market Update: Sunny

Once the NASDAQ moves above its 30 week moving average, we'll have 8 out 9 indicators in the green. The Global DOW pushed above its 30 week moving average for the first time since July 2015.  I don't foresee the Dow Dividend Ratio moving into the green anytime soon. 

At this point, I am moving cautiously back into the market. We are not firmly in an uptrend but signs are improving. I will feel better about it when the 30 week moving averages begin an upward slope. Most have flattened which is encouraging because it means they are no longer moving downward.


 

Broad Market Indicators  Rating  DOW Above 30 Week MA  Yes  S&P Above 30 Week MA  Yes  NASDAQ Above 30 Week MA  No - Almost  Foreign markets (GDOW) Above 30 Week MA  Yes  DOW vs NYSE Advance-Decline Line  Yes  Divergence: DOW vs NYSE High/Low  Yes  NYSE Advance-Decline Above 200 Day MA  Yes  NYSE  52 Wk Highs-Lows Differential Positive  Yes  DOW Price to Dividend Ratio  No

To see the some of associated charts, click on the following links:

DJIA S&P Nasdaq  Barrons charts this at this link. NYSE 52 High Low to the Dow Close   (GDOW)