Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report

  Published 06 December 2008 | viewed 3,974 times

  The good news is: • Downside volume has been fading quickly. Short Term Downside volume and new lows are the best indicators of bottoms. Following…

• Technical Market Report

  Published 29 November 2008 | viewed 3,971 times

  The good news is: • New lows all but disappeared over the past week. Short Term In an up trending market the down days give…

• Technical Market Report

  Published 22 November 2008 | viewed 4,204 times

  The good news is: • In the 1930's, the last time we saw declines of this magnitude in the same time frame, the rallies that…

• Technical Market Report

  Published 15 November 2008 | viewed 4,608 times

  The good news is: • The bottom indicators have been moving sharply upward suggesting a high likelihood of a rally lasting at least several weeks.…

• Technical Market Report

  Published 08 November 2008 | viewed 4,294 times

  The good news is: • The bottom indicators have been moving sharply upward suggesting a high likelihood of a rally lasting at least several weeks.…

• Technical Market Report

  Published 01 November 2008 | viewed 3,840 times

  The good news is: • With a 19.9% advance in the last 4 trading days the Russell 2000 (R2K) is only 0.1% below the popular…

• Technical Market Report

  Published 25 October 2008 | viewed 5,101 times

  The good news is: • With commodity prices falling, our enemies are going broke. Short Term Many of the short term indicators are off the…

• Technical Market Report

  Published 18 October 2008 | viewed 4,266 times

  The good news is: • New lows have fallen off sharply. Short Term The preludes to the crash of 87 and the crash of 08…

• Technical Market Report

  Published 11 October 2008 | viewed 4,690 times

  The good news is: • We are living through great theatre. On October 20, 1987 there were 1174 new lows on the NYSE, about 57%…

• Technical Market Report

  Published 04 October 2008 | viewed 3,897 times

  The good news is: • We are probably near a tradable rally. Short Term Last Monday the financial system bailout was rejected for lack of…

• Technical Market Report

  Published 27 September 2008 | viewed 4,165 times

  The good news is: • A bottom is near. Short Term When, speaking of the economy, the President declares "This sucker is going down", short…

• Technical Market Report

  Published 20 September 2008 | viewed 4,011 times

  The good news is: • Last week is over. Short Term Over the past week the Dow Jones Industrial Average (DJIA) moved and average of…

• Technical Market Report

  Published 13 September 2008 | viewed 3,750 times

  The good news is: • We are close to an intermediate term low. Short Term The market is overbought. The chart below covers the past…

• Technical Market Report

  Published 06 September 2008 | viewed 3,912 times

  The good news is: • We are close to or at an intermediate term low. Short Term In the past month NASDAQ upside volume has…

• Technical Market Report

  Published 30 August 2008 | viewed 4,196 times

  The good news is: • Since the July lows the secondaries have been stronger than the blue chips. Short Term The market is playing a…

• Technical Market Report

  Published 23 August 2008 | viewed 2,969 times

  The good news is: • Last weeks sell off cleared the overbought condition. Short Term A week ago, many indicators hit their highest levels in…

• Technical Market Report

  Published 16 August 2008 | viewed 3,077 times

  The good news is: • Most of the indicators suggest a continuation of the advance. Short Term Advance - decline lines (ADL) are a running…

• Technical Market Report

  Published 10 August 2008 | viewed 2,804 times

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

• Technical Market Report

  Published 02 August 2008 | viewed 3,434 times

  The good news is: • The market has been working off its overbought condition about as well as could be hoped for. Short Term In…

• Technical Market Report

  Published 26 July 2008 | viewed 2,942 times

  The good news is: • Since the low, a week ago last Tuesday, new lows have all but disappeared. Short Term The market is overbought.…