Mike Burk | TalkMarkets | Page 4
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 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.
Technical Market Report For May 13, 2023
The good news is, the Nasdaq composite (OTC) closed at its high for this year last Thursday. However, all of the other major indices were down.
Technical Market Report For May 6, 2023
Market breadth was lousy again last week. Most of the Indices were down for the week, except the OTC. Big tech is holding up the OTC and SPX.
Technical Market Report For April 29, 2023
The market ceased to be boring last week. Prices were mostly up on lousy breadth.
Technical Market Report For April 22, 2023
We had a remarkably boring week. I am calling last week's positive forecast a tie.
Technical Market Report: Saturday, April 15
The first chart covers the past 6 months showing the NASDAQ composite (OTC) in blue and a 40% trend (4 day EMA) of NASDAQ new highs divided by new highs + new lows (OTC HL Ratio), in red.
Technical Market Report For April 8, 2023
The market eliminated its overbought condition last week. Unfortunately the secondaries seriously underperformed the blue chips.
Technical Market Report For April 1, 2023
The strongest sectors last week were Precious Metals (for the 3rd week) and Basic Materials while the weakest were Biotech and Banks. I expect the movement of the major averages next week to be upward.
Technical Market Report For March 25, 2023
The market had a positive week while new lows remained at threatening levels.
Technical Market Report For March 18, 2023
New lows are at bear market levels and the secondaries are leading the way downward.
Technical Market Report For March 11, 2023
It is difficult to put a happy face on 4 consecutive big down days with rapidly increasing new lows. The market is oversold and should bounce.
Technical Market Report For March 4, 2023
The strongest sectors last week were Energy (for the 2nd week in a row) and Basic Materials while the weakest were Banks and Utilities.
Technical Market Report For February 25, 2023
Since 1963, the OTC in March has been up 63% of the time with an average gain of 0.7%. Since 1928 the SPX has been up 61% of years in March, average gain of 0.5%. Since 1979 the Russell 2000 has been up 70% of years in March, average gain of 0.8%.
Technical Market Report For February 18, 2023
The markets' mixed performance last week during what has seasonally been one of the strongest weeks of the year, I take as a bad sign.
Technical Market Report For February 11, 2023
New lows outnumbered new highs on the Nasdaq on Friday for the first time since December 30. But by seasonality, next week has traditionally been super strong.
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