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Mike Burk

Mike Burk

Contributor since: 26 Feb 2010

Biography

Mike Burk independently publishes a weekly newsletter on the stock market from a technical perspective.

  • Technical Market Report

    Published 26 September 2009 | viewed 3,321 times

    The good news is: • There was no build up of new lows in last weeks sell off. Short Term Most of the major indices…

  • Technical Market Report

    Published 19 September 2009 | viewed 3,357 times

    The good news is: • The rally continued last week on increasing volume. Short Term The major indices are up 6% - 10% so far…

  • Technical Market Report

    Published 12 September 2009 | viewed 3,490 times

    The good news is: • Several months ago I pointed out the astonishing rate, on an annualized basis, at which the major indices had advanced…

  • Technical Market Report

    Published 05 September 2009 | viewed 3,668 times

    The good news is: • Although the averages were down, there were no new lows to speak of last week. Short Term New highs continued…

  • Technical Market Report

    Published 29 August 2009 | viewed 3,764 times

    The good news is: • All of the major indices closed at multi month highs on Thursday. Short Term You expect new highs to be…

  • Technical Market Report

    Published 22 August 2009 | viewed 3,248 times

    The good news is: • All of the major indices closed at multi month highs on Friday. Short Term I misinterpreted July's blast off as…

  • Technical Market Report

    Published 15 August 2009 | viewed 3,869 times

    The good news is: • Many of the major indices hit multi month highs last week. Short Term NASDAQ new highs tumbled to 15 on…

  • Technical Market Report

    Published 09 August 2009 | viewed 3,270 times

    The good news is: • All of the major indices hit multi month highs last week and most of them closed at multi month highs…

  • Technical Market Report

    Published 01 August 2009 | viewed 2,786 times

    The good news is: • New highs came to life last week. Short Term The NASDAQ composite (OTC) finished a run of 12 consecutive up…

  • Technical Market Report

    Published 25 July 2009 | viewed 3,455 times

    The good news is: • All of the major indices closed at multi month highs last week. Short Term The market action that I interpreted…

  • Technical Market Report

    Published 18 July 2009 | viewed 3,047 times

    The good news is: • The OEX (S&P 100), OTC (NASADAQ composite) and NDX (NASDAQ 100) all closed at multi month highs on Friday. Short…

  • Technical Market Report

    Published 11 July 2009 | viewed 3,955 times

    The good news is: • The market is overdue for a bounce. Short Term As of Thursday's close the Russell 2000 (R2K or !RUT) had…

  • Technical Market Report

    Published 04 July 2009 | viewed 3,314 times

    The good news is: • Seasonally next week has been one of the strongest of the year. Short Term I will start with a happy…

  • Technical Market Report

    Published 27 June 2009 | viewed 3,442 times

    The good news is: • NASDAQ new highs surged on Friday to the highest level since last September. Short Term Short term, the market is…

  • Technical Market Report

    Published 20 June 2009 | viewed 4,143 times

    The good news is: • While the market was down last week, there was no increase in the number of new lows. Short Term Short…

  • Technical Market Report

    Published 13 June 2009 | viewed 3,361 times

    The good news is: • The blue chip indices hit multi month highs last week. Short Term The chart below covers the past year showing…

  • Technical Market Report

    Published 06 June 2009 | viewed 4,166 times

    The good news is: • All of the major indices hit multi month highs last week. Short Term Sometimes things are too good to be…

  • Technical Market Report

    Published 30 May 2009 | viewed 4,036 times

    The good news is: • The NASDAQ composite (OTC) finished at a multi month high last Friday and all of the NASDAQ summation indices (SI's)…

  • Technical Market Report

    Published 23 May 2009 | viewed 3,990 times

    The good news is: • In spite of being down all of the last 4 days of last week, all of the major indices finished…

  • Technical Market Report

    Published 16 May 2009 | viewed 4,305 times

    The good news is: • In spite of a pretty rough week for the major indices there were no new lows to speak of on…