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, July 2
The enthusiasm of the buy the dip crowd is, unfortunately, a negative. This bear market will not be over until they capitulate. 
Technical Market Report For Saturday, June 25
I expect the major averages to be lower on Friday July 1 than they were on Friday June 24.
Technical Market Report For Saturday, June 18
The market had another bad week;  there are some non confirmations, likely caused by prices falling faster that the indicators are capable of.
Technical Market Report For Saturday, June 11
The market had a bad week and the breadth indicators all went negative. For some good news, the secondaries outperformed the blue chips again last week.
Technical Market Report For Saturday, June 4
The breadth indicators are mixed, improving, but not good. Seasonality is turning negative.
Technical Market Report For Saturday, May 28
The good news is, the market had a sensational week last week. The not-so-good news is, the market is overbought.
Technical Market Report For Saturday, May 21
The blue chips catching up with the secondaries to the downside is a poor excuse for a bear market rally. The averages fell in spite of fewer new lows.
Technical Market Report For Saturday, May 14
The last brief rally was just a setup for further declines. There is hope, though: The extreme numbers of new lows leading up to the rally implies a retest in the near future.
Technical Market Report For Saturday, May 7
The market had a relief rally early last week which sets it up for a bad week coming up.  The PPT (plunge protection team) will be busy.
Technical Market Report For Saturday, April 30
The market is oversold and new lows declined considerably as the indices fell to new cycle lows.  The decrease in the number of new lows suggests a good likelihood for a short term rally early next week.
Technical Market Report For Saturday, April 23
The strongest sectors last week were Utilities and Transportation while the weakest were Internet and Precious Metals (down from the top for the previous 3 weeks. I expect the major averages to be lower by this time next week.
Technical Market Report For Saturday, April 16
In addition to the ongoing bear market, seasonality for the coming week is awful.
Technical Market Report For Saturday, April 9
Last week's positive forecast was a miss. Good news is hard to find. Last week new lows began increasing from already high levels.
Technical Market Report For April 2, 2022
This continues to look like a counter trend, bear market rally. Although new lows have decreased they have remained at uncomfortably high levels. 
Technical Market Report For Saturday, March 26
This continues to look like a counter trend, bear market, rally because, although they have decreased, new lows have remained at very high levels.  After a real bottom new lows quickly disappear. 
Technical Market Report For Saturday, March 19
Bear market rallies are often violent, but short lived. New lows remain uncomfortably high. This could be the start of a new uptrend, but it looks to me like a counter trend rally in a bear market.
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