Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report

  Published 23 January 2005 | viewed 4,817 times

  The good news is:  • The decline this month, so far, has not generated many new lows. My guess that the low of Thursday January 13…

• Technical Market Report

  Published 15 January 2005 | viewed 3,044 times

  The good news is:  • Seasonally the last half of January is strong. The Russell 2000 (R2K) has been up the last 10 trading days…

• Technical Market Report

  Published 09 January 2005 | viewed 3,009 times

  The good news is:  • There were very few new lows in one of the worst weeks in a long time. As of last Wednesday the…

• Technical Market Report

  Published 01 January 2005 | viewed 3,440 times

  The good news is: • Historically January in the first year of the presidential cycle has been the strongest month of the year. • There…

• Technical Market Report

  Published 24 December 2004 | viewed 2,869 times

  The good news is:  • Seasonally, next week is one of the strongest and most consistent of the year. The chart below is an update of…

• Technical Market Report

  Published 18 December 2004 | viewed 2,937 times

  The good news is:  • New lows remained minimal during the past week and declined on Thursday and Friday when prices also declined.  • We are entering…

• Technical Market Report

  Published 11 December 2004 | viewed 3,090 times

  The good news is:  • New lows remained minimal during the past week suggesting the recent weakness is not the beginning of a turning point, but…

• Technical Market Report

  Published 04 December 2004 | viewed 2,889 times

  The good news is:  • The recent highs in all of the major indices were confirmed by everything that matters implying higher prices ahead. The…

• Technical Market Report

  Published 27 November 2004 | viewed 3,024 times

  The good news is:  • The upcoming week is one of the seasonally strongest of the year. The chart below is an update of the one…

• Technical Market Report

  Published 20 November 2004 | viewed 3,198 times

  The good news is:  • After Monday and Tuesday we enter one of the seasonally strongest periods of the year.  • The up move of the past…

• Technical Market Report

  Published 13 November 2004 | viewed 2,776 times

  The good news is:  • Most of the major indices closed at their highs for the year last Friday.  • Seasonally the next 2 ½…

• Technical Market Report

  Published 06 November 2004 | viewed 3,042 times

  The good news is:  • As of last Friday the S&P 500 (SPX) had been up for 9 consecutive trading days. That is an uncommon…

• Technical Market Report

  Published 30 October 2004 | viewed 2,949 times

  The good news is: •  With exceptions in the energy group virtually every short and intermediate term indicator in every sector turned upward last week.…

• Technical Market Report

  Published 24 October 2004 | viewed 3,416 times

  The good news is:  • Next week we enter what is seasonally the strongest period of the year. The first three charts plot the composite change…

• Technical Market Report

  Published 16 October 2004 | viewed 3,466 times

  The good news is: • Nothing about the decline of the past week suggests that it is anything but a routine pullback in an advancing…

• Technical Market Report

  Published 09 October 2004 | viewed 3,068 times

  The good news is:  • The value of the NYSE new high indicator, a 10% trend (19 day EMA) of NYSE new highs, is 195. Well…

• Technical Market Report

  Published 03 October 2004 | viewed 2,874 times

  The good news is:  • The weakness that began two weeks ago ended abruptly last week. The move was strong enough to turn nearly all of…

• Technical Market Report

  Published 25 September 2004 | viewed 3,426 times

  The good news is:  •  The weakness of the past week appears to be nothing more than an overdue rest for the market.  •  On…

• Technical Market Report

  Published 18 September 2004 | viewed 3,362 times

  The good news is:  • All of the intermediate term indicators are still moving sharply upward. Summation indices (SI) are running totals of oscillator values. When…

• Technical Market Report

  Published 11 September 2004 | viewed 2,906 times

  The good news is:  •  All of the intermediate term indicators are still moving sharply upward.  •  It is difficult to find a raging bull.…