Mike Burk | TalkMarkets | Page 12
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 from 1990 through ...more

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Technical Market Report For Saturday, Dec. 19
Seasonally the averages have historically drifted upward on very low volume for the next two weeks. The strongest sectors last week were technology and leisure, while the weakest were energy (down from the top last week) and utilities.
Technical Market Report For Saturday, Dec. 12
The secondaries have been stronger than the blue chips; new highs have maintained very high levels and new lows have been minimal. The strongest sectors last week were energy and banks, and the weakest were utilities and precious metals.
Technical Market Report For Saturday, Dec. 5
Confirmed new highs imply higher prices ahead. On a seasonal basis, the next two weeks have been a little weak. The strongest sectors last week were technology and banks, and the weakest were utilities and biotech.
Technical Market Report For Saturday, Nov. 28
The market had another good week. New highs increased while new lows remained insignificant, and the secondaries outperformed the blue chips. The strongest sectors last week were tech and banks, and the weakest were utilities and precious metals.
Technical Market Report For Saturday, Nov. 21
The market had a good week. New highs increased while new lows remained insignificant, and the secondaries outperformed the blue chips. The strongest sectors last week were banks and transportation, while the weakest were biotech and precious metals.
Technical Market Report For Saturday, Nov. 14
Last Friday, the SPX and R2K closed at new all time highs unconfirmed by most of the breadth indicators. The strongest sectors last week were banks and transportation, while the weakest were internet and precious metals (down from the top last week).
Technical Market Report For Saturday, Nov. 7
The good news is that the NASDAQ composite had its best first week of November ever, while the S&P 500 had its best first week of November since 1931. The bad news is that the market is overbought.
Technical Market Report For Saturday, Oct. 31
The market is oversold, and ripe for a rebound.
Technical Market Report For Saturday, Oct. 24
The good news is the secondaries, as measured by the Russell 2000 (R2K) outperformed the blue chips, as measured by the S&P 500 (SPX).
Technical Market Report For Saturday, Oct. 17
The market was strong in the early days of last week, faltering a bit at the end of the week. According to the seasonality, the upcoming week has been historically terrible. The strongest sectors last week were technology and utilities.
Technical Market Report For Saturday, Oct. 10
Last week the market shot upward like it was coming off a bottom. The strongest sectors last week were electronics and banks. The weakest sectors were precious metals and energy.
Technical Market Report For Saturday, Oct. 3
Seasonality will continue to be a problem for the next week or so. The strongest sectors last week were Utilities (for the second week in a row) and Finance. The weakest sectors were Telecomm and Energy.
Technical Market Report For Saturday, Sept. 26
The strongest sectors last week were utilities (up from the bottom the week before) and technology, while the weakest were banks and precious metals. I expect the major averages to be lower on October 2 than they were on September 15.
Technical Market Report For Saturday, Sept. 19
The market had a good week going until Friday, September 18. Estimated seasonality for next week is awful. The strongest sectors last week were basic materials and health care. The weakest sectors were utilities and banks.
Technical Market Report For Saturday, Sept. 12
The only positive thing I could say about last week is that there was not a significant increase in the number of new lows. The strongest sectors last week were basic materials and transportation. The weakest sectors were utilities and energy.
Technical Market Report For Saturday, September 5
New lows remained insignificant all week on the NYSE. The NASDAQ was not quite as good. There were 87 new lows on the NASDAQ on Friday, the highest amount since May 14.
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