Just some quick stats today using two-day old data (I hate having to manually update a database)
101 of 155 Industry Monitors industry groups are above their 50-day averages.
8 were above their 200-day averages
591 of 4962 common stocks were above their 200-day averages
84 stocks out of 2730 trading above $5 and averaging 0ver 200,000 shares per day are above their 50-day average which in turn is above their 200-day average
I won't get delusional here but these stats shows a decent chunk of the market is actually doing more than bouncing in a bear market.