Mike Burk | TalkMarkets | Page 3
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 September 2, 2023
The market appears to have put in a short term bottom. I expect the major averages to be higher by Friday.
Technical Market Report For August 26, 2023
In September: Since 1963, over all years, OTC has been up 57% of the time with an average loss of -0.3%. Since 1928 SPX has been up 45% of the time, average loss -1.1%. Since 1979 Russell 2000 has been up 52% of the time, average loss of -0.7%.
Technical Market Report For August 19, 2023
The breadth indicators are all headed downward. Seasonality is modestly positive for the coming week.Overall I expect the major averages to be lower next week.
Technical Market Report For August 12, 2023
The breadth indicators are all headed downward. Seasonality is modestly negative for the coming week.
Technical Market Report For August 5, 2023
The market is no longer overbought. The breadth indicators all headed downward, but the numbers were not terrible.
Technical Market Report For July 29, 2023
Since 1963, over all years, the OTC, in August, has been up 60% of the time with an average gain of 0.5%. Since 1885 the Dow Jones Industrial Average (DJIA) has been up 64% of the time in August with an average gain of 1.2%. 
Technical Market Report For July 22, 2023
Everything was good last week.  New highs expanded and new lows continued to decline. But - the market is overbought.
Technical Market Report For July 15, 2023
The Nasdaq composite, S&P 500 and Dow Jones Industrial Average all closed at their highs for the year late last week. But: The market is overbought.
Technical Market Report For July 8, 2023
The strongest sectors last week were Energy and Transportation (same as the previous week) while the weakest were Health Care and Precious Metals (for the 8th week in a row).
Technical Market Report For July 1, 2023
New lows have disappeared on the NYSE and declined considerably on the Nasdaq. At least for now, the negatives have disappeared.
Technical Market Report For June 24, 2023
There was huge downside volume on the Nasdaq Friday (over 5 billion shares) which could be indicative of a climactic low. I expect the major averages to be lower on Friday, June 30 than they were on Friday, June 23.
Technical Market Report For June 17, 2023
Profits are down and money supply is down.  This has to be a blow off top.
Technical Market Report For June 10, 2023
Last week the indices took off and new lows disappeared - here we go.
Technical Market Report For June 3, 2023
I have seen several blow-off tops that made me doubt my bearhood. I think what we are watching right now is another one.
Technical Market Report For May 27, 2023
Big tech continued to be all that is pushing up the OTC and SPX. (Thank you, Nvidia!)
Technical Market Report For May 20, 2023
The NASDAQ composite (OTC) & S&P 500 closed at their highs for this year last Thursday.
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