Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report for August 20, 2016

  Published 21 August 2016 | viewed 0 times

  The good news is: • New lows remain insignificant and the secondaries are outperforming the blue chips. The Negatives The market is overbought. New highs…

• Technical Market Report for August 13, 2016

  Published 14 August 2016 | viewed 0 times

  The good news is: • Last Thursday, with great fanfare, the Dow Jones Industrial Average (DJIA), S&P 500 (SPX) and NASDAQ composite (OTC) all closed…

• Technical Market Report for August 6, 2016

  Published 06 August 2016 | viewed 0 times

  The good news is: • New highs are strong, new lows are minimal and the secondaries are outperforming the blue chips. The Negatives The market…

• Technical Market Report for July 30, 2016

  Published 30 July 2016 | viewed 0 times

  The good news is: • The blue chip indices finished the week at or near their all time highs and the secondaries have been outperforming…

• Technical Market Report for July 23, 2016

  Published 23 July 2016 | viewed 0 times

  The good news is: • The blue chip indices and the S&P mid cap index closed at all time highs last week. The Negatives The…

• Technical Market Report for July 16, 2016

  Published 17 July 2016 | viewed 0 times

  The good news is: • The blue chip indices closed at all time highs last week. The Negatives The market is overbought. Treasury yields, although…

• Technical Market Report for July 9, 2016

  Published 09 July 2016 | viewed 0 times

  The good news is: •The end is near and it should be easy to spot when it comes. The Negatives We are nearing the point…

• Technical Market Report for July 2, 2016

  Published 02 July 2016 | viewed 0 times

  The good news is: • The market has recovered from its BREXIT calamity. The Negatives The market is overbought. Over the last 4 trading days…

• Technical Market Report for June 25, 2016

  Published 25 June 2016 | viewed 0 times

  The good news is: • There is reason to believe the BREXIT calamity for the market will be just a brief transient. The Negatives For…

• Technical Market Report for June 18, 2016

  Published 18 June 2016 | viewed 0 times

  The good news is: • In spite of lower prices, new lows declined at the end of the week. The Negatives There was a spike…

• Technical Market Report for June 11, 2016

  Published 11 June 2016 | viewed 0 times

  The good news is: • The OEX (AKA S&P 100, an index of 100 blue chip issues) closed at an all time high last Wednesday.…

• Technical Market Report for June 4, 2016

  Published 04 June 2016 | viewed 0 times

  The good news is: • New highs picked up last week and the secondaries were stronger than the blue chips. The Negatives There are no…

• Technical Market Report for May 28, 2016

  Published 28 May 2016 | viewed 0 times

  The good news is: • The market turned sharply upward last week. New lows declined sharply on both the NYSE and NASDAQ and the secondaries…

• Technical Market Report for May 21, 2016

  Published 21 May 2016 | viewed 0 times

  The good news is: • NYSE new lows remained at non threatening levels. The Negatives NYSE new highs collapsed last week after hitting sensational levels…

• Technical Market Report for May 14, 2016

  Published 14 May 2016 | viewed 0 times

  The good news is: • New highs on the NYSE hit sensational numbers early last week. The Negatives It appears everyone is searching for yield.…

• Technical Market Report for May 7, 2016

  Published 07 May 2016 | viewed 0 times

  The good news is: • New highs on the NYSE increased last week in spite of another rough week for the major indices. The Negatives…

• Technical Market Report for April 30, 2016

  Published 30 April 2016 | viewed 0 times

  The good news is: • In spite of a rough week for the market indices, the breadth indicators held up pretty well. The Negatives There…

• Technical Market Report for April 23, 2016

  Published 23 April 2016 | viewed 0 times

  The good news is: • The secondaries have been outperforming the blue chips and the number of new lows has been insignificant. The Negatives There…

• Technical Market Report for April 16, 2016

  Published 16 April 2016 | viewed 0 times

  The good news is: • The secondaries have been outperforming the blue chips. The Negatives NASDAQ breadth indicators continue to underperform NYSE breadth indicators. Considering…

• Technical Market Report for April 9, 2016

  Published 09 April 2016 | viewed 0 times

  The good news is: • New lows remained at insignificant levels. The Negatives NASDAQ breadth indicators continue to underperform NYSE breadth indicators. The first chart…