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, Sept. 19
The market had a good week going until Friday, September 18. Estimated seasonality for next week is awful. The strongest sectors last week were basic materials and health care. The weakest sectors were utilities and banks.
Technical Market Report For Saturday, Sept. 12
The only positive thing I could say about last week is that there was not a significant increase in the number of new lows. The strongest sectors last week were basic materials and transportation. The weakest sectors were utilities and energy.
Technical Market Report For Saturday, September 5
New lows remained insignificant all week on the NYSE. The NASDAQ was not quite as good. There were 87 new lows on the NASDAQ on Friday, the highest amount since May 14.
Technical Market Report For Saturday, August 29
The good news is that both the NASDAQ composite and S&P 500 closed at all time highs again last Friday. The strongest sectors last week were transportation and leisure, and the weakest were biotech and utilities. 
Technical Market Report For Saturday, August 22
There were both intermediate and short term non-confirmations of Friday’s highs. Free money may be running into some limitations. The strongest sectors last week were retail and internet; the weakest were energy and banks.
Technical Market Report For Saturday, August 15
The strongest sectors last week were banks and transportation, the weakest were biotech and precious metals; energy was off the bottom for the first time in a long time.
Technical Market Report For Saturday, August 8
The number of new lows has remained insignificant. The Fed is pushing free money out the door and the Federal Government is giving it away. For the time being, i.e. until after the election, the market has nowhere to go but up.
Technical Market Report For August 1
The good news is August, during the 4th year of the Presidential Cycle, has historically been the best month of the year but leadership is narrow; there have been very few new highs considering the indices are near their all time highs.
Technical Market Report For July 25
The good news is, new lows continue at minimal levels. The negatives include narrow leadership, with very few new highs.
Technical Market Report For July 18
The good news is new lows continue at minimal levels. But leadership is narrow; there have been very few new highs considering the indices are near their all time highs.
Technical Market Report For July 11
The good news is:the Nasdaq composite (OTC) closed at another all time high Friday. New highs are not at the level you would expect for a market at or near all time highs. New lows have also been minimal which is what you would expect.
Technical Market Report For July 4
The good news is: the Nasdaq composite (OTC) closed at an all time high Friday. The US dollar and every other major currency is being debased at a rapidly accelerating rate to support the illusion of prosperity.
Technical Market Report For June 27
Volume on the Nasdaq has continued at incredibly high levels. Leadership continues to narrow; there have been very few new highs considering the major indices are near their all-time highs.
Technical Market Report For June 20
Leadership continues to narrow; there have been very few new highs considering the major indices are near their all time highs.The lack of broad market support continues.
Technical Market Report For June 13
The good news is new lows did not increase significantly on Thursday when the market tumbled. When the major indices fell 6% - 7% there were only four new lows on the NYSE and 11 on the Nasdaq.
Technical Market Report For June 6
The good news is the Nasdaq composite (OTC) finished the week at a new all time high. There were literally no new lows on the NYSE last Friday.
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