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So it looks like the major indices, after spending the last 12 months churning to marginal new highs, have finally turned down. More importantly, the internals have begun to break down. DJIA 17,200. Discussion: Are the Weinstein indicators saying Bull or Bear? http://www.alltimehighstocks.com/p/weinstein-indicators-bull-bear-markets.html 1. SPY stage analysis: NEUTRAL (moving to bear soon?) http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=SPY&uf=0&type=64&size=2&sid=9864&style=320&freq=2&time=9&rand=418254556&compidx=aaaaa%3a0&ma=1&maval=30&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1 2. $NYAD http://stockcharts.com/h-sc/ui?s=$NYAD&p=W&b=5&g=0&id=p07313556463 divergence - BEAR. 3. Internal Market Momentum: BULL (still just) http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&b=5&g=0&id=p50395118458 4. New highs vs New Lows http://stockcharts.com/h-sc/ui?s=$NYHL&p=W&b=5&g=0&id=p77082224047 below zero - BEAR 5. World markets - BEAR http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=VEU&uf=0&type=64&size=2&sid=2635545&style=320&freq=2&time=9&rand=88629616&compidx=aaaaa%3a0&ma=1&maval=30&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1 6. Lead Stock AAPL - BEAR http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=AAPL&uf=0&type=64&size=2&sid=609&style=320&freq=2&time=9&rand=556887658&compidx=aaaaa%3a0&ma=1&maval=30&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1 7. Price:Dividend ratio - BEAR http://www.multpl.com/s-p-500-dividend-yield/ (although I question the usefulness of this indicator nowadays) 8. Herd sentiment - NEUTRAL http://www.aaii.com/sentimentsurvey