Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report

  Published 01 March 2008 | viewed 4,466 times

  The good news is: • We will probably see a multi month low in the next few weeks. Short Term After a bottom has been…

• Technical Market Report

  Published 23 February 2008 | viewed 3,035 times

  The good news is: • Although the market is likely to retest the January lows in the near future, it is unlikely the new low…

• Technical Market Report

  Published 16 February 2008 | viewed 3,332 times

  The good news is: • The bottom indicators are suggesting there is little risk in the market. Short Term After a bottom has been made…

• Technical Market Report

  Published 09 February 2008 | viewed 3,062 times

  The good news is: • Although prices fell sharply last week the breadth indicators all held up well. Short Term Breadth has been improving. Market…

• Technical Market Report

  Published 04 February 2008 | viewed 3,578 times

  The good news is: • Last week most of the major indices had one of their best weeks of the past year. Short Term The…

• Technical Market Report

  Published 27 January 2008 | viewed 2,880 times

  The good news is: • In the past week new lows dried up on both the NYSE and OTC this implies downside risk will be…

• Technical Market Report

  Published 19 January 2008 | viewed 4,037 times

  The good news is: • The market is near record oversold extremes and likely to have a tradable rally. Short Term The market is nearly…

• Technical Market Report

  Published 12 January 2008 | viewed 3,160 times

  The good news is: • The market is likely to be at or near a short term bottom. Short Term My daily history of the…

• Technical Market Report

  Published 05 January 2008 | viewed 3,791 times

  The good news is: • The market is oversold and likely to rally from here. Short Term The Russell 2000 (R2K) rose for 6 consecutive…

• Technical Market Report

  Published 29 December 2007 | viewed 3,628 times

  The good news is: • Most of the major indices will finish up for the year. Short Term As of last Wednesday the market was…

• Technical Market Report

  Published 22 December 2007 | viewed 3,625 times

  The good news is: • We are in the seasonally strongest period of the year. Since 1928, during the last 5 trading days of the…

• Technical Market Report

  Published 16 December 2007 | viewed 2,714 times

  The good news is: • Since 1929 the S&P 500 (SPX) has been up 79% of the time in the last 10 trading days of…

• Technical Market Report

  Published 08 December 2007 | viewed 3,598 times

  The good news is: • The market has come off a bottom and seasonally next week has a very positive bias. Short Term The market…

• Technical Market Report

  Published 01 December 2007 | viewed 3,122 times

  The good news is: • It is likely we saw an intermediate term low last Monday. Short Term As of last Wednesday everything turned sharply…

• Technical Market Report

  Published 17 November 2007 | viewed 4,032 times

  The good news is: • The market is oversold going into a seasonally strong period. Short Term Last Monday the market extended its decline to…

• Technical Market Report

  Published 10 November 2007 | viewed 4,781 times

  The good news is: • The blue chip decline is accelerating which suggests we are approaching at least an intermediate term low. Short Term This…

• Technical Market Report

  Published 03 November 2007 | viewed 8,121 times

  The good news is: • The NYSE composite hit an all time high, NASDAQ 100 (NDX) and the NASDAQ composite (OTC) hit a multi year…

• Technical Market Report

  Published 29 October 2007 | viewed 4,040 times

  The good news is: • The NASDAQ 100 (NDX) hit a multi year high last Tuesday. Short Term Seasonally the worst part of October is…

• Technical Market Report

  Published 20 October 2007 | viewed 3,981 times

  The good news is: • The NASDAQ 100 (NDX) hit a multi year high last Thursday. Short Term I believe the 1987 crash was triggered…

• Technical Market Report

  Published 13 October 2007 | viewed 3,627 times

  The good news is: • The blue chip indices hit all time highs on Tuesday. Short Term No one is selling. You have to go…