Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report

  Published 19 July 2008 | viewed 3,237 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 3,833 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 4,285 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 3,080 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 2,894 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 3,779 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 3,116 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 3,008 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 3,375 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 2,860 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 2,181 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 3,221 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 2,936 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 2,958 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 3,213 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 3,355 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 3,048 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 3,669 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 2,935 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 3,689 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…