Mike Burk Blog | Talkmarkets | Page 1
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 ... more

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Technical Market Report For Saturday, June 12
Everything has been going in the right direction, but the seasonality for next week has been historically negative. The strongest sectors last week were utilities and telecom, while the weakest were transportation and banks.
Technical Market Report For Saturday, June 5
Everything has been going in the right direction. Last week, like the week before, saw new lows contract and the secondaries outperform the blue chips. The strongest sectors last week were energy and finance.
Technical Market Report For Saturday, May 29
Except for new highs, everything is going in the right direction. New lows have been declining and the secondaries were stronger than the blue chips. The strongest sectors were electronics and telecomm, while utilities and biotech looked weak.
Technical Market Report For Saturday, May 22
The good news is the number of new lows continues to decline. But new highs are an indication of the breadth of a move and new highs have continued to deteriorate.
Technical Market Report For Saturday, May 15
It looks like we are in a developing top.  The secondaries have been underperforming the blue chips, new highs have been weakening on the Nasdaq and took a big hit on the NYSE last week and the number on new lows has been increasing. 
Technical Market Report For Saturday, May 8
Except for a little hiccup from the OTC, May has started out by following the seasonal pattern quite nicely. It is troubling, however, to see the secondaries underperforming the blue chips. The implication of this is that we are in a developing top,
Technical Market Report For Saturday, May 1
Aside from marginal new all-time highs for the OTC and the SPX, not much happened last week. New highs failed to confirm the index highs, while new lows remained non-threatening. The strongest sectors last week were finance and technology.
Technical Market Report For Saturday, April 24
Recent highs have been unconfirmed, yet the secondaries outperformed the blue chips last week. The strongest sectors last week were healthcare and precious metals, while the weakest were internet and energy.
Technical Market Report For Saturday, April 10
The good news is the S&P 500 closed at an all time high last Friday and new lows remain insignificant. But new highs are much lower than they were at the index highs a few weeks ago, still at comfortably high levels.
Technical Market Report For Saturday, April 3
The strongest sectors last week were electronics and transportation, while the weakest were precious metals and energy services. I expect the major averages to be higher on Friday, April 9 than they were on Thursday, April 1. 
Technical Market Report For Saturday, March 27
New lows peaked on Thursday and then declined significantly on Friday, suggesting a short-term bottom. The strongest sectors last week were utilities and finance, while the weakest were precious metals and energy services.
Technical Market Report For Saturday, March 20
The past week's movement looks like a pullback after a big move up, except for the big increase in the number of new lows. The strongest sectors last week were utilities and precious metals, while the weakest were basic materials and energy services.
Technical Report For Saturday, March 13
The secondaries led the market out of a well defined bottom and the new highs for the Dow Jones Industrial Average, SPX and Russell 2000 were confirmed by lots of new highs.
Technical Market Report For Saturday, March 6
The seasonality for the coming week has historically been positive. The strongest sectors last week were banks and energy (same as the previous week), while the weakest were technology and electronics.
Technical Market Report For Saturday, Feb. 27
The strongest sectors last week were banks and energy, while the weakest were biotech and precious metals; same as the previous week. I expect the major averages to be higher on Friday, Mar. 5 than they were on Friday, Feb. 26.
Technical Market Report For Saturday, Feb. 20
Last week the DJIA made a new all-time high, unconfirmed by any of the broad based indices. Seasonality has been weak and that weakness continues. Huge piles of cash are looking for somewhere to go, so the market's rise is likely to continue.
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