Weekly Stock Market Update: Some Fear Enters into the Market

For the first time in months, the NYSE Advance-Decline has flashed a significant negative signal with 1,966 more declines than advances. It's been in positive direction with minor divergences all summer long. The major indexes were also down this week, but none of the indexes breached their 30 week moving average lines. Gold has been moving higher too.

The CNN Fear and Greed Index moved into Fear this week. See their write-up here.

This could be a blip with a return to upswings this week. For now the trend is still up but we should keep an eye out to see if any of the negativity sticks.