The good news is the market is oversold and due for a bounce.
The negatives:
Most of the major indices were down for each of the last 4 days of last week and new lows increased during the week, but, decreased on Friday...
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: The secondaries continued to outperform the blue chips.
The negatives: The market has been following the average seasonal pattern quite closely and that pattern has been down for the next 2 weeks.
The...
The negatives: The market has been following the average seasonal pattern quite closely and that pattern has been down for the next 2 weeks.
The...
Technical Stock Market Report
The good news: The secondaries have been outperforming the blue chips.
The negatives: The first chart shows the S&P500 (SPX) in red and a 40% trend (4 day EMA) of NYSE new highs divided...
The good news: The secondaries have been outperforming the blue chips.
The negatives: The first chart shows the S&P500 (SPX) in red and a 40% trend (4 day EMA) of NYSE new highs divided...
The good news is: Hard to find.
The negatives: Over the past 2 weeks new lows have practically disappeared. This usually indicates a bottom for prices, but that appears not to be the case this time. There are...
The negatives: Over the past 2 weeks new lows have practically disappeared. This usually indicates a bottom for prices, but that appears not to be the case this time. There are...
The good news is: New lows disappeared at the end of last week.
Chuck Butler writing in the Daily Pfennig last week gave a concise definition of the Plunge Protection Team (PPT):
“ PPT stands for Plunge Protection Team,...
Chuck Butler writing in the Daily Pfennig last week gave a concise definition of the Plunge Protection Team (PPT):
“ PPT stands for Plunge Protection Team,...
The good news is: The Federal Reserve Bank (Fed) is likely to intervene to prop up the market early next week.
The week before the crash in 1987 was, like this past week, a bad one for the market and, like this past week, Friday...
The week before the crash in 1987 was, like this past week, a bad one for the market and, like this past week, Friday...
The good news: The equity market held up pretty well considering the turmoil in the FX market.
The negatives: New lows held at uncomfortably high levels last week while new highs remained insignificant.
The first chart...
The negatives: New lows held at uncomfortably high levels last week while new highs remained insignificant.
The first chart...
The good news is: The market is oversold and next week seasonality turns positive.
The negatives: New highs disappeared last week, while new lows returned to threatening levels.
The first chart covers the past 6 months...
The negatives: New highs disappeared last week, while new lows returned to threatening levels.
The first chart covers the past 6 months...
The good news is: New lows declined significantly last week.
The negatives: After hitting extreme levels on Monday, new lows declined sharply the rest of the week. This is a critical point. If new lows continue...
The negatives: After hitting extreme levels on Monday, new lows declined sharply the rest of the week. This is a critical point. If new lows continue...
The good news is: The market is oversold and due for a bounce.
The negatives: Prices began following the breadth indicators downward last week and there is no evidence of a bottom.
The first chart covers the past 6 months...
The negatives: Prices began following the breadth indicators downward last week and there is no evidence of a bottom.
The first chart covers the past 6 months...
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