Mike Burk
Mike Burk began developing equity trading systems in the early 1980's. Through the 1990's he marketed an equity trading system called MIRAT based on breadth indicators, but, primarily new lows. In the early days of this century he developed the seasonal trading strategies currently used by Alpha Investment Management of Cincinnati. Mr. Burk has been writing equity market newsletters since the early 1990's. During the past 10 years the letter observes both breadth and seasonal strategies.
Articles by Mike Burk
The good news is: All of the major indices closed at all time or multi year highs on Thursday. The negatives: There are no negatives, the market is in holiday mode, rising on low volume.The positives: ...
The good news is: The NASDAQ composite (OTC) closed at a multi year high on Friday while all of the other major indices closed at all time highs.The negatives: None of the breadth indicators confirmed Friday’s highs.The chart below...
The good news is: The Santa Claus rally is scheduled to begin around the middle of next week.The negatives: New highs deteriorated on both the NYSE and NASDAQ last week while new lows were pretty steady on the NASDAQ and rose...
The good news is: NASDAQ breadth data was stronger than NYSE breadth data last week.The negatives: As of Thursday most of the major indices were short term oversold having been down for 5 consecutive days. A violent...
The good news is: The small cap indices led the way up last week.The negatives: There are not any serious negatives.New highs have not been great, but, they have not been terrible.The secondaries have been lagging, but, they picked...
The good news is: The NASDAQ composite (OTC) closed at a multi year high on Friday and the rest of the major indices closed at all time highs.The negatives: New highs picked up at the end of last week, but remain well below levels...
The good news is: The blue chip indices closed at all time highs on Friday.The negatives: New lows declined a little last week, but, their levels remained above recent averages.The chart below covers the past 6 months showing...
The good news is: The Dow Jones Industrial Average closed at an all time high on Friday.All of the patterns that I discussed last week are still in place or have accelerated so the charts in this weeks report will all be updates of...
The good news is: The NASDAQ composite (OTC) closed at a multi year high last Tuesday while most of the other broad based indices closed at all time highs.The negatives: For the 1st time since last May, by the measure shown in the chart...
The good news is: The NASDAQ composite (OTC) closed at a multi year high on Friday while most of the other broad based indices closed at all time highs.The negatives: Negatives are hard to find. New highs, which have been lagging for...
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