Mike Burk | TalkMarkets | Page 2
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 December 23, 2023
Seasonality is the major factor for next week. Typically the market is up modestly on the lowest volume of the year. Volume this December has been unusually high thus far.
Technical Market Report - Saturday, December 16
The Dow Jones Industrial Average closed at its all time high Friday while the NASDAQ composite and the S&P 500 closed at their highs for the year on Friday.
Technical Market Report For December 9, 2023
The market is overbought. The breadth indicators stalled while blue chip indices leapt to new highs.
Technical Market Report For December 2, 2023
The Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) both closed at their highs for the year on Friday.
Technical Market Report - Saturday, November 25
All of the major indices are up close to 10% this November.
Technical Market Report - Saturday, November 18
The market had a good week, but it outran the breadth indicators to the upside.  Seasonality for next week is modestly positive.
Technical Market Report For November 11, 2023
Big tech had another good week. Unfortunately the small caps did not follow.
Technical Market Report - Saturday, November 4
Dashed horizontal lines have been drawn at 10% levels for the indicator; the line is solid at the 50%, neutral level (equal numbers of new highs and new lows). OTC HL Ratio rose, but remained in deeply negative territory.
Technical Market Report For October 28, 2023
The market is oversold, so we could see another “dead cat bounce” with the help of modestly positive seasonality.
Technical Market Report For October 14, 2023
The market is oversold so we could see another “dead cat bounce”. All of the breadth indicators are at or near their 6 month lows. Good news is hard to find.
Technical Market Report For Oct. 14, 2023
OTC NL appears to be ratcheting upward from its low of the past 6 months; The numbers are very large so this is not encouraging. We did see a dead cat bounce last week.
Technical Market Report For October 7, 2023
Short term momentum indicators applied to summation indices make them nearly binary so direction is less important than position.
Technical Market Report For September 30, 2023
New lows declined substantially on Friday. The market has been following the average seasonal pattern quite closely and that pattern has been very strong in the 1st week of October.
Technical Market Report For September 23, 2023
The market is doing its late September seasonal sell off. The market is oversold and seasonality remains negative for another week.
Technical Market Report For September 16, 2023
The market started its late September seasonal sell-off a day early on near record volume. The breadth indicators all have a negative bias.
Technical Market Report For September 9, 2023
Everything reversed and moved sharply downward last week and the market is oversold. The breadth indicators are not revealing much as they are just following prices.
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