Mike Burk | TalkMarkets | Page 13
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, August 15
The strongest sectors last week were banks and transportation, the weakest were biotech and precious metals; energy was off the bottom for the first time in a long time.
Technical Market Report For Saturday, August 8
The number of new lows has remained insignificant. The Fed is pushing free money out the door and the Federal Government is giving it away. For the time being, i.e. until after the election, the market has nowhere to go but up.
Technical Market Report For August 1
The good news is August, during the 4th year of the Presidential Cycle, has historically been the best month of the year but leadership is narrow; there have been very few new highs considering the indices are near their all time highs.
Technical Market Report For July 25
The good news is, new lows continue at minimal levels. The negatives include narrow leadership, with very few new highs.
Technical Market Report For July 18
The good news is new lows continue at minimal levels. But leadership is narrow; there have been very few new highs considering the indices are near their all time highs.
Technical Market Report For July 11
The good news is:the Nasdaq composite (OTC) closed at another all time high Friday. New highs are not at the level you would expect for a market at or near all time highs. New lows have also been minimal which is what you would expect.
Technical Market Report For July 4
The good news is: the Nasdaq composite (OTC) closed at an all time high Friday. The US dollar and every other major currency is being debased at a rapidly accelerating rate to support the illusion of prosperity.
Technical Market Report For June 27
Volume on the Nasdaq has continued at incredibly high levels. Leadership continues to narrow; there have been very few new highs considering the major indices are near their all-time highs.
Technical Market Report For June 20
Leadership continues to narrow; there have been very few new highs considering the major indices are near their all time highs.The lack of broad market support continues.
Technical Market Report For June 13
The good news is new lows did not increase significantly on Thursday when the market tumbled. When the major indices fell 6% - 7% there were only four new lows on the NYSE and 11 on the Nasdaq.
Technical Market Report For June 6
The good news is the Nasdaq composite (OTC) finished the week at a new all time high. There were literally no new lows on the NYSE last Friday.
Technical Market Report For May 30
The good news is the market had another good week. There have been no new lows. The Fed is buying everything including junk.
Technical Market Report For May 23
The good news is the market had a good week. New lows which had been building disappeared in last Monday’s massive rally.
Technical Market Report For May 16
With the death of many businesses, it is a fantasy to imagine the kind of market performance we have been witnessing. New lows build up quickly when the indices decline while there are few new highs when the indices advance.
Technical Market Report For May 9
The good news is The Russell 2000 (R2K) had another good week; that’s three in a row. But with the small caps leading the way upward you would expect big and expanding numbers of new highs. That has not been the case.
Technical Market Report For May 4
The good news is the Russell 2000 had another good week. The strongest sectors last week were Banks and Energy. Both are on life support.
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