Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report for August 27, 2011

  Published 27 August 2011 | viewed 0 times

  The good news is: • It looks like a short term low has been established. The negatives Following the June low, new lows diminished quickly…

• Technical Market Report for August 20, 2011

  Published 21 August 2011 | viewed 0 times

  The good news is: • So far, it looks like we have had a successful retest of last week's low. The negatives I like to…

• Technical Market Report for August 13, 2011

  Published 14 August 2011 | viewed 0 times

  The good news is: • A bottom appears to be in place. The negatives Over the past week we saw some of the most extreme…

• Technical Market Report for August 6, 2011

  Published 06 August 2011 | viewed 0 times

  The good news is: • A bottom, when it comes, should be easy to identify. Late August last year the Fed announced their intention to…

• Technical Market Report for July 30, 2011

  Published 30 July 2011 | viewed 0 times

  The good news is: • In a few days the seasonal pattern turns positive and after 5 consecutive days the market is due for a…

• Technical Market Report for July 23, 2011

  Published 23 July 2011 | viewed 0 times

  The good news is: • The NASDAQ 100 (NDX) closed at a multi year high on Friday. The negatives Bear market rallies are often spectacular…

• Technical Market Report for July 16, 2011

  Published 16 July 2011 | viewed 0 times

  The good news is: • New lows have not reached threatening levels. The negatives All of the breadth indicators deteriorated last week revealing a down…

• Technical Market Report for July 9, 2011

  Published 09 July 2011 | viewed 0 times

  The good news is: • Most of the major indices rose to within 1% of their April highs last week. The negatives The market is…

• Technical Market Report for July 02, 2011

  Published 02 July 2011 | viewed 0 times

  The good news is: • The market recovered most of its losses of the past 2 months last week. The negatives Every major index was…

• Technical Market Report for June 25, 2011

  Published 25 June 2011 | viewed 0 times

  The good news is: • It is likely, at least, a short term bottom is in place. The negatives The negatives disappeared last week. New…

• Technical Market Report for June 18, 2011

  Published 18 June 2011 | viewed 0 times

  The good news is: • We have reached the point, in the build up of new lows, where a bottom should be easy to identify.…

• Technical Market Report for June 11, 2011

  Published 11 June 2011 | viewed 0 times

  The good news is: • We have reached the point, in the build up of new lows, where a bottom should be easy to identify.…

• Technical Market Report for June 4, 2011

  Published 04 June 2011 | viewed 0 times

  The good news is: • The market is over sold and at or near a short term low. The negatives New highs hit their lowest…

• Technical Market Report for May 28, 2011

  Published 28 May 2011 | viewed 0 times

  The good news is: • The market is entering a seasonally strong period. The negatives The number of new highs has been trending downward all…

• Technical Market Report for May 21, 2011

  Published 21 May 2011 | viewed 0 times

  The good news is: • For what has, so far, been the worst month of the year the major averages are only down 2% -…

• Technical Market Report for May 14, 2011

  Published 14 May 2011 | viewed 0 times

  The good news is: • The secondaries held up better than the blue chips last week. The negatives The market appears to be developing a…

• Technical Market Report for May 7, 2011

  Published 07 May 2011 | viewed 0 times

  The good news is: • The market internals held up pretty well during last week's sharp sell off. The negatives The market appears to be…

• Technical Market Report for April 30, 2011

  Published 30 April 2011 | viewed 0 times

  The good news is: • All of the major averages closed at multi year highs on Friday. The negatives The market is overbought. The NASDAQ…

• Technical Market Report for April 23, 2011

  Published 23 April 2011 | viewed 0 times

  The good news is: • The Dow Jones Industrial Average (DJIA) closed at a multiyear high on Thursday. The negatives Following a decline on Monday…

• Technical Market Report for April 16, 2011

  Published 16 April 2011 | viewed 0 times

  The good news is: • There has been very little build up of new lows in this recent decline. The negatives The market had a…