The good news is: Most of the major indices closed at all time or multi year highs Friday.
The negatives: The market is overbought. All of the major indices are up around 6% so far this month and many of them have been...
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: Most of the major indices closed at all time or multi year highs Friday.
The negatives: The market is overbought. All of the major indices were up around 5% over the past 2 weeks.
The first chart...
The negatives: The market is overbought. All of the major indices were up around 5% over the past 2 weeks.
The first chart...
The good news is: New lows declined to non threatening levels last week.
The negatives: The market has been volatile for the past 2 months. One week up and the next down. Which ever way it breaks should set the trend...
The negatives: The market has been volatile for the past 2 months. One week up and the next down. Which ever way it breaks should set the trend...
The good news is: Seasonality is for the next few weeks extraordinarily strong.
The negatives: The pattern of weak NASDAQ data and strong NYSE data continued last week. It’s the bonds. About half of the issues...
The negatives: The pattern of weak NASDAQ data and strong NYSE data continued last week. It’s the bonds. About half of the issues...
The good news is: The European Central Bank promised a massive injection of liquidity that will last nearly 2 years.
The negatives: One of the breadth patterns we look for in a bull market is expanding new highs and...
The negatives: One of the breadth patterns we look for in a bull market is expanding new highs and...
The good news is: In the next week the market will be entering a period of seasonal strength.
The negatives: The original parameters for Jim Miekka’s Hindenburg Omen were: The omen was triggered when both NYSE new...
The negatives: The original parameters for Jim Miekka’s Hindenburg Omen were: The omen was triggered when both NYSE new...
The good news is: The market had a rough week, but there was no build up of new lows.
The negatives: Leadership is narrowing. Although the market averages have been hitting new highs they have been doing it with fewer...
The negatives: Leadership is narrowing. Although the market averages have been hitting new highs they have been doing it with fewer...
The good news is: The next 6 months are, by far, the strongest 6 month period in the 4 year Presidential Cycle.
The negatives: It is difficult to make a negative case because the market has been following the average...
The negatives: It is difficult to make a negative case because the market has been following the average...
The good news is: All of the major indices closed at all time or multi year highs on Friday.
The negatives: The market is overbought, but the negatives do not matter, seasonality is dominant.
The positives: Since...
The negatives: The market is overbought, but the negatives do not matter, seasonality is dominant.
The positives: Since...
The good news is: New lows disappeared last week.
The negatives: All of the major indices closed within 1% of their all time or multi year highs on Friday. The breadth indicators, most importantly new highs, did not...
The negatives: All of the major indices closed within 1% of their all time or multi year highs on Friday. The breadth indicators, most importantly new highs, did not...
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