Mike Burk | TalkMarkets | Page 11
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, March 6
The seasonality for the coming week has historically been positive. The strongest sectors last week were banks and energy (same as the previous week), while the weakest were technology and electronics.
Technical Market Report For Saturday, Feb. 27
The strongest sectors last week were banks and energy, while the weakest were biotech and precious metals; same as the previous week. I expect the major averages to be higher on Friday, Mar. 5 than they were on Friday, Feb. 26.
Technical Market Report For Saturday, Feb. 20
Last week the DJIA made a new all-time high, unconfirmed by any of the broad based indices. Seasonality has been weak and that weakness continues. Huge piles of cash are looking for somewhere to go, so the market's rise is likely to continue.
Technical Market Report For Saturday, Feb. 13
The strongest sectors last week were banks and electronics (up from the bottom last week), while the weakest were biotech and precious metals. I expect the major averages to be higher on Friday, Feb. 19 than they were on Friday, Feb. 12.
Technical Market Report For Saturday, Feb. 6
Seasonality for the next two weeks appears historically lousy, and most of the market is overbought. The strongest sectors last week were banks (up from the bottom last week) and internet, while the weakest were electronics and precious metals.
Technical Market Report For Saturday, Jan. 30
Since 1928, the SPX has been up 53% of the time in February and has, on average, lost -0.1%. During the first year of the Presidential Cycle, the SPX has been up 43% of the time with an average loss of -1.9%.
Technical Market Report For Saturday, Jan. 23
It’s the same old story; strong breadth with the secondaries leading the blue chips upward; that is about as good as it gets.
Technical Market Report For Saturday, Jan. 16
Average returns for the coming week have been positive by all measures.
Technical Market Report For Saturday, Jan. 9
The market has been following its seasonal pattern pretty closely, and the seasonality for next week has typically been decent. The strongest sectors last week were banks and electronics, and the weakest sectors were utilities and precious metals.
Technical Market Report For Saturday, Jan. 2
The market has been following its seasonal pattern pretty closely, and the seasonality for next week is strong. The strongest sectors last week were finance and utilities (up from the bottom last week), while the weakest were biotech and energy.
Technical Market Report For Saturday, Dec. 26
The market has been following its seasonal pattern with an upward bias, and seasonality for next week is strong. The strongest sectors last week were technology and banks, while the weakest were energy and utilities.
Technical Market Report For Saturday, Dec. 19
Seasonally the averages have historically drifted upward on very low volume for the next two weeks. The strongest sectors last week were technology and leisure, while the weakest were energy (down from the top last week) and utilities.
Technical Market Report For Saturday, Dec. 12
The secondaries have been stronger than the blue chips; new highs have maintained very high levels and new lows have been minimal. The strongest sectors last week were energy and banks, and the weakest were utilities and precious metals.
Technical Market Report For Saturday, Dec. 5
Confirmed new highs imply higher prices ahead. On a seasonal basis, the next two weeks have been a little weak. The strongest sectors last week were technology and banks, and the weakest were utilities and biotech.
Technical Market Report For Saturday, Nov. 28
The market had another good week. New highs increased while new lows remained insignificant, and the secondaries outperformed the blue chips. The strongest sectors last week were tech and banks, and the weakest were utilities and precious metals.
Technical Market Report For Saturday, Nov. 21
The market had a good week. New highs increased while new lows remained insignificant, and the secondaries outperformed the blue chips. The strongest sectors last week were banks and transportation, while the weakest were biotech and precious metals.
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