Mike Burk

Contributor since: 26 Feb 2010

Contact Contributor

Biography

• Technical Market Report

  Published 19 July 2008 | viewed 3,306 times

  The good news is: • We had a washout last week. On Tuesday the number of new lows on the NYSE hit an all time…

• Technical Market Report

  Published 12 July 2008 | viewed 3,890 times

  The good news is: • The conditions are ripe for a washout which would be a setup for a tradable rally. Short Term I use…

• Technical Market Report

  Published 05 July 2008 | viewed 4,349 times

  The good news is: • The market is very oversold and likely to bounce (No change). Short Term Overbought - oversold is a description of…

• Technical Market Report

  Published 29 June 2008 | viewed 3,153 times

  The good news is: • The market is very oversold and likely to bounce. Short Term For the 1st 3 days of last week the…

• Technical Market Report

  Published 21 June 2008 | viewed 2,944 times

  The good news is: • The market is oversold and there is reason to think we are at or very near the low for this…

• Technical Market Report

  Published 14 June 2008 | viewed 3,881 times

  The good news is: • We are going into a bottom that is likely to be the final low for the decline that began last…

• Technical Market Report

  Published 07 June 2008 | viewed 3,207 times

  The good news is: • The mid and small cap indices hit new recovery highs last Thursday. Short Term Aside from the lack of volume…

• Technical Market Report

  Published 31 May 2008 | viewed 3,070 times

  The good news is: • The small cap indices hit new recovery highs last Friday. Short Term The market is over bought. As of Friday…

• Technical Market Report

  Published 24 May 2008 | viewed 3,428 times

  The good news is: • Last weeks decline caused little technical damage. Short Term The market is over sold. Many of the breadth indicators are…

• Technical Market Report

  Published 17 May 2008 | viewed 2,911 times

  The good news is • Most of the major indices hit multi month highs last week. Short Term The market is over bought. As of…

• Technical Market Report

  Published 12 May 2008 | viewed 2,208 times

  The good news is: • The secondaries held up better than the blue chips in last weeks decline. Short Term The secondaries lead both up…

• Technical Market Report

  Published 03 May 2008 | viewed 3,270 times

  The good news is: • All of the major indices hit multi month highs last week. Short Term During the rally off the January lows…

• Technical Market Report

  Published 26 April 2008 | viewed 3,003 times

  The good news is: • The market has been in a pattern of higher highs and higher lows for over a month now. Short Term…

• Technical Market Report

  Published 21 April 2008 | viewed 3,004 times

  The good news is: • Most of the breadth indicators are in pretty good shape. Short Term The market is overbought. For the past several…

• Technical Market Report

  Published 12 April 2008 | viewed 3,287 times

  The good news is: • Last weeks sell off was not accompanied by increased volume of issues moving downward. Short Term The chart below covers…

• Technical Market Report

  Published 05 April 2008 | viewed 3,413 times

  The good news is: • Money supply is growing at the fastest rate in years. Short Term The market is over bought; many of the…

• Technical Market Report

  Published 29 March 2008 | viewed 3,111 times

  The good news is: • New lows practically disappeared last week. Short Term The number of new lows declined sharply last week. For the week…

• Technical Market Report

  Published 22 March 2008 | viewed 3,730 times

  The good news is: • It is likely last Monday's low will mark the low point for the next several weeks. Short Term Last Monday…

• Technical Market Report

  Published 16 March 2008 | viewed 3,016 times

  The good news is: • When this decline is over the market will be setup for an extended rally. New lows and downside volume offer…

• Technical Market Report

  Published 08 March 2008 | viewed 3,719 times

  The good news is: • When this decline is over the market will be setup for an extend rally. Short Term After a bottom has…