Mike Burk | TalkMarkets | Page 15
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 - Monday, December 23
All of the major averages closed at all-time highs last Friday.
Technical Market Report - Monday, December 16,
The last half of December is a time equities usually drift upward on low volume. There is no reason this year should be different
Technical Market Report - Monday, December 2
All-time record highs are positive. The Russell 2000 (R2K) joined the rest of the major indices surpassing its previous high set last May. This confirmation implies higher highs ahead.
Technical Market Report - Monday, November 25
The Dow Jones Industrial Average, S&P 500 and Nasdaq composite all closed at all-time highs last Monday.
Technical Market Report - Monday, November 18
The market is overbought. The new blue-chip highs were not confirmed by the secondaries and any of the breadth indicators.
Technical Market Report - Monday, November 11
​ The Dow Jones Industrial Average, S&P 500 and Nasdaq composite all closed at all-time highs last Friday.
Technical Market Report - Monday, November 4
The market is overbought. New blue-chip highs were not confirmed by the secondaries and some of the breadth indicators. Seasonality for the next several weeks has been negative.
Technical Market Report - Monday, October 21
Last week new highs began expanding for the first time in over 2 months.
Technical Market Report - Monday, October 7
The SPX is 2.4% off its all-time high. If it hits a new all-time high anytime soon, that high will be unconfirmed by everything that matters and likely a cycle top.
Technical Market Report - Monday, September 2
The market rallied last week with the blue chips leading and little support from breadth.
Technical Market Report - Monday, August 19
Seasonality is strong for this week.
Technical Market Report - Monday, August 5
The current decline is likely to be short-lived.
Technical Market Report - Monday, July 29
Index highs confirmed by new highs mean higher highs before this cycle is over.
Technical Market Report - Monday, July 22
Average returns for this week have been modestly negative on the Nasdaq and modestly positive on the NYSE.
Technical Market Report - Monday, July 15
Last week the R2K was down a little while the rest of the major indices closed at all-time highs so I am calling last weeks positive forecast a tie.
Technical Market Report - Monday, June 10
After 4 consecutive up days for the major indices, the market is overbought. New lows remained at threatening levels again last week.
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