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

All Contributions

Latest Posts
1 to 16 of 175 Posts
1 2 3 ... 11
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.
Technical Market Report For Saturday, July 10
Breadth continues to deteriorate, but as long as new lows remain minimal, the blue chip rally can continue. The strongest sectors last week were utilities and healthcare, while the weakest were energy services and banks.
Technical Market Report For Saturday, July 3
The strongest sectors last week were technology and retail, while the weakest were energy services and banks. I expect the major averages to be higher on Friday, July 9 than they were on Friday, July 2.
Technical Market Report For Saturday, June 26
The strongest sectors last week were internet and technology, while the weakest were utilities and precious metals. I expect the major averages to be higher on Friday, July 2 than they were on Friday, June 25.
Technical Market Report For Saturday, June 19
The market had a temper tantrum which coincided with a seasonally weak period. The strongest sectors last week were health care and internet, while the weakest were precious metals and basic materials.
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. 
1 to 16 of 175 Posts
1 2 3 ... 11