Mike Burk | TalkMarkets | Page 14
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 April 11
The government still demands economic activity be kept to a minimum, but now the Fed is shoveling money out the door at a record level (not quite a record – 50 billion a day down from 75 billion a day). That money has nowhere to go but the market.
Technical Market Report For April 5
As long as the government is demanding economic activity be kept to a minimum every stock market rally will be a head fake.
Technical Market Report For March 29
Not too long ago the government announced that some level of inflation was a good thing. Now even conservative economists are encouraging the government to expand the list of assets the Fed can buy. None of this is good for the dollar.
Technical Market Report For March 22
Very few of us could have imagined the government willfully shutting down the economy to relieve imagined pressure on the health care system or committing economic suicide for any other reason.
Technical Market Report For March 15
The good news is: Identifying a bottom should be easy. The negatives: The end of this decline, when it comes, will be signaled by a rapid decline in the number of new lows. We have not seen that.
Technical Market Report For March 7
The good news is when the market declines in a panic it usually recovers quickly. The end of this decline, when it comes, will be signaled by a rapid decline in the number of new lows. We have not seen that.
Technical Market Report For February 29
I have no guess about when this decline will end. It could have ended Friday. The end, when it comes, will be signaled by a rapid decline in the number of new lows.
Technical Market Report For February 23
The good news is that the NASDAQ composite and the S&P 500 closed at all time highs last Wednesday, the bad news is that again, last week's new OTC highs were not confirmed by the breadth indicators.
Technical Market Report For February 15
The Dow Jones Industrial Average (DJIA), S&P 500 (SPX) and NASDAQ composite (OTC) all hit new all-time highs last week. Next week includes the four trading days prior to the third Friday of February during the fourth year of the Presidential Cycle.
Technical Market Report For February 9
Utilities and Transportation were the strongest sectors while energy remained near the bottom and was joined by precious metals which fell from the top to the bottom in a week.
Technical Market Report For February 1
The market had another rough week, but, since the recent all time highs were confirmed by the breadth indicators, there should be new all time highs in the next month or so.
Technical Market Report For January 25
Last week's decline could go on for a while longer, but since the recent highs were confirmed by breadth it is very likely there will be more all time highs for the blue chip indices.
Technical Market Report For January 18, 2020
The S&P 500, NASDAQ composite, and Dow Jones Industrial Average all closed at all time highs on Friday. The Russell 2000 closed at an all time high last Thursday. The market is overbought but the breadth is the strongest it has been in years
Technical Market Report - Saturday, Jan. 11
The market is overdue for a pull back, but, when it comes it will be short lived. I expect the major averages to be higher on Friday, January 17, than they were on Friday, January 10.
Technical Market Report For January 5, 2020
All of the major averages closed at or near all time highs at the end of 2019 but thspe market has been going up for 3 consecutive months and is overbought.
Technical Market Report
The market has had a great 3-month run. It will be interesting to see how long it can last.
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