Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report

  Published 09 May 2009 | viewed 4,398 times

  The good news is: • Friday, most of the major indices closed at their highest levels since the early March low. Short Term Last week…

• Technical Market Report

  Published 02 May 2009 | viewed 3,601 times

  The good news is: • Friday, most of the major indices closed at their highest levels since the early March low. Short Term The chart…

• Technical Market Report

  Published 25 April 2009 | viewed 4,003 times

  The good news is: • Friday, the NASDAQ composite (OTC) and S&P mid cap closed at their highest levels since the early March low. Short…

• Technical Market Report

  Published 18 April 2009 | viewed 3,760 times

  The good news is: • Friday, all of the major indices closed at their highest levels since the early March low. Short Term Between the…

• Technical Market Report

  Published 28 March 2009 | viewed 4,697 times

  The good news is: • No new lows (0) were recorded on the NYSE last Thursday. Short Term Between the low of March 9 and…

• Technical Market Report

  Published 21 March 2009 | viewed 3,453 times

  The good news is: • After 2 consecutive down days there has been no build up of new lows. Short Term Between the low of…

• Technical Market Report

  Published 14 March 2009 | viewed 4,434 times

  The good news is: • New lows disappeared last week. Short Term Following the October 9, 2008 low: The Russell 2000 (R2K) rose 14.4% in…

• Technical Market Report

  Published 07 March 2009 | viewed 3,865 times

  The good news is: • The dollar is on a tear, closing at a 2 ½ year high Friday. Short Term In the past 6…

• Technical Market Report

  Published 28 February 2009 | viewed 4,963 times

  The good news is: • The market is deeply oversold as we enter a brief, but strong seasonal period. Short Term Most of the major…

• Technical Market Report

  Published 21 February 2009 | viewed 3,986 times

  The good news is: • We possibly have a successful retest of last November's lows. Short Term Most of the broad based indices were down…

• Technical Market Report

  Published 14 February 2009 | viewed 4,290 times

  The good news is: • Everything is in place for a successful retest of the November lows. Short Term I found no indicators that made…

• Technical Market Report

  Published 09 February 2009 | viewed 3,062 times

  The good news is: • A few people believe a large barrel of pork will save the economy. Short Term The market is overbought. The…

• Technical Market Report

  Published 31 January 2009 | viewed 4,009 times

  The good news is: • Non existent. The S&P 500 (SPX) finished its worst January ever, down 8.57%. During the 1st year of the Presidential…

• Technical Market Report

  Published 24 January 2009 | viewed 4,325 times

  The good news is: • The market is oversold going into a seasonally strong period. Short Term After 3 consecutive down weeks the market is…

• Technical Market Report

  Published 17 January 2009 | viewed 5,225 times

  The good news is: • Money supply is growing at an extreme rate and that should help the equities market. Short Term There is an…

• Technical Market Report

  Published 10 January 2009 | viewed 3,205 times

  The good news is: • Although all of the major indices were down substantially last week, new lows hit their lowest levels since November 2006.…

• Technical Market Report

  Published 03 January 2009 | viewed 4,789 times

  The good news is: • By current fashion, a bull or bear market is defined as a major index moving 20% off its low or…

• Technical Market Report

  Published 27 December 2008 | viewed 5,045 times

  The good news is: • The Santa Clause rally commenced on schedule. Short Term Most of the major indices have not been up or down…

• Technical Market Report

  Published 20 December 2008 | viewed 3,811 times

  The good news is: • A Santa Clause rally is due to begin Wednesday. Short Term Seasonal considerations overwhelm everything else. The second and third…

• Technical Market Report

  Published 13 December 2008 | viewed 3,874 times

  The good news is: • New lows have continued to decline. Short Term On October 10 88% of the issues traded on the NYSE hit…