Mike Burk | TalkMarkets | Page 9
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 Saturday, Oct. 30
The rapid rise of the blue chip indices to all time highs without confirmation from the breadth indicators is typical of a final cycle top.  There may be a little left to the upside, but the end is near.
Technical Market Report For Saturday, Oct. 23
The rapid rise of the blue chip indices to all time highs is typical of a final cycle top.  There is probably a little left to the upside, but the end is near.
Technical Market Report For Saturday, Oct. 16
Last week the market commenced its run for the roses. I expect the major averages to be higher on Friday, October 22 than they were on Friday, October 15.
Technical Market Report For Saturday, Oct. 9
There was a decent blue chip rally last week, unfortunately the secondaries and breadth indicators did not participate. 
Technical Market Report For Saturday, Oct. 2
It's difficult to find a positive opinion of the market, the economy, and the future in general. In other words, this is the perfect time for the market to begin a leap to all-time highs. The numbers are lousy, but better than they were weeks ago.
Technical Market Report For Saturday, Sept. 25
The market recovered after Monday's events and finished higher for the week. The strongest sectors last week were banks and retail, while the weakest were precious metals and utilities (same as last week).
Technical Market Report For Saturday, Sept. 18
Last Friday, the market had its largest volume day in a long time. Downside volume exceeded upside volume by more than 2 to 1 on the NYSE. The recent times in which downside volume was close to what we saw on Friday were the months of June and July.
Technical Market Report For Saturday, Sept. 11
The market is oversold as it moves into a seasonally positive week. The strongest sectors last week were electronics and healthcare, while the weakest were banks and precious metals (down from the top last week).
Technical Market Report For Saturday, Sept. 4
The market is overbought going into a seasonally bad week.
Technical Market Report For Saturday, Aug. 28
New lows declined sharply last week. The secondaries outperformed the blue chips. If the pattern holds up, the lows of about a week ago will be a bottom.
Technical Market Report For Saturday, Aug. 21
New low numbers were awful when the market took a little dip last week. The strongest sectors last week were utilities (same as the previous week) and healthcare, while the weakest were precious metals (same as the previous week) and energy.
Technical Market Report For Saturday, Aug. 14
Not much has been going on; all of the markets appear to be carefully managed. After several weeks of new blue chip highs, the market might take a little dip -- which would fit the seasonal pattern.
Technical Market Report For Saturday, Aug. 7
New lows declined a bit in the later days of last week, but the indicator trend has been down.
Technical Market Report For Saturday, July 31
The strongest sectors last week were precious metals (up from the bottom last week) and basic materials (near the bottom for the last six months), while the weakest were biotech and energy services (both bottom dwellers for quite a while).
Technical Market Report For Saturday, July 24
Last week was the opposite of the week before. The blue chip indices finished the week at all-time highs and were a bit overbought. The strongest sectors were technology and healthcare, while the weakest were precious metals and energy services.
Technical Market Report For Saturday, July 17
The market is a bit oversold, so there could be a relief rally. The strongest sectors last week were utilities and biotech, while the weakest were energy services and transportation.
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