Mike Burk Blog | Talkmarkets | Page 1
Financial Writer
Contributor's Links: Stockmarket-ta.com

I was a photographer and photo lab operator from 1970 to the late 1980’s and did some photographic consulting until about 2005.

In the late 1980’s I developed a market timing system based primarily on NYSE new lows.

I expressed that system in software which I sold ... more

All Contributions

Latest Posts
1 to 16 of 237 Posts
1 2 3 ... 15
Technical Market Report For October 1, 2022
Positives are pretty hard to find.  Liquidity is a problem worldwide. 
Technical Market Report For September 24, 2022
New lows increased to extreme crashworthy numbers last week. The good news is, seasonally this negative period ends in a few weeks.
Technical Market Report For September 17, 2022
Seasonally, this negative period ends in a few weeks.
Technical Market Report For September 10, 2022
For the first time since August 25, new highs outnumbered new lows on the NYSE last Friday.
Technical Market Report For September 3, 2022
The market is oversold and new lows declined by about half on Friday; a down day for prices.
Technical Market Report For August 27, 2022
The market was looking pretty good until Friday when all of the week’s gains were wiped out and all of the breadth indicators turned negative. 
Technical Market Report For Aug. 20, 2022
We may be at a turning point, but it is a little too early to tell.
Technical Market Report For August 13, 2022
Everything went positive, not in the way it usually does at a cycle bottom, but slowly.  I wonder where all of the liquidity is coming from.
Technical Market Report For Saturday, Aug. 6
I believe the rally since the mid-June low is a counter trend rally in an ongoing bear market.
Technical Market Report For Saturday, July 30
It was bizarre watching the market jump upward with the announcement of an increase in the Fed Funds interest rate. Still, since 1963, over all years, the OTC in August has been up 61% of the time.
Technical Market Report For Saturday, July 23
The strongest sectors last week were Electronics and Leisure, while the weakest were Energy and Precious Metals (for the 5th week in a row).
Technical Market Report For Saturday, July 16
The market had a rough week until Friday when the indices jumped up and new lows disappeared. The first few days of next week should add clarity as to whether this was a one and done or the beginning of a multi week rally.
Technical Market Report For Saturday, July 9
The buy the dip crowd had another good week. Next week might test their resolve.
Technical Market Report For Saturday, July 2
The enthusiasm of the buy the dip crowd is, unfortunately, a negative. This bear market will not be over until they capitulate. 
Technical Market Report For Saturday, June 25
I expect the major averages to be lower on Friday July 1 than they were on Friday June 24.
Technical Market Report For Saturday, June 18
The market had another bad week;  there are some non confirmations, likely caused by prices falling faster that the indicators are capable of.
1 to 16 of 237 Posts
1 2 3 ... 15