Gold •15 mins | 2,089.70 | +32.50 | +1.58% | |
Platinum •15 mins | 936.10 | +0.20 | +0.02% | |
WTI Crude •23 hours | 74.07 | -1.89 | -2.49% | |
Gasoline •23 hours | 2.121 | -0.055 | -2.51% | |
Ethanol •21 hours | 2.161 | +0.000 | +0.00% | |
Silver •15 mins | 25.86 | +0.20 | +0.77% |
Silver • 15 mins | 25.86 | +0.20 | +0.77% | ||
Copper • 15 mins | 3.932 | +0.081 | +2.10% | ||
Brent Crude • 22 hours | 78.88 | -1.98 | -2.45% | ||
Natural Gas • 23 hours | 2.814 | +0.012 | +0.43% | ||
Heating Oil • 23 hours | 2.662 | -0.093 | -3.37% |
Contributor since: 26 Feb 2010
Mike Burk independently publishes a weekly newsletter on the stock market from a technical perspective.
The good news is: • The current weakness is part of a seasonal pattern that ends in a week. The negatives New lows rose on…
The good news is: • Last week the secondaries outperformed the blue chips for the first time in quite a while. The negatives The advance…
The good news is: • The NDX (Big tech index) closed at an all time high Wednesday. The negatives The secondaries continue to underperform, new…
The good news is: • New highs picked up last week. The negatives We expect to see the secondaries lead both up and down and…
The good news is: • New lows remained at non threatening levels last week. The negatives Monday will be the 28th anniversary of the October…
The good news is: • Last week new lows disappeared and new highs began accumulating. The negatives The major indices are up 7% - 8%…
The good news is: • On Monday the market retested its August low and bounced off of it. The negatives Last week was a mirror…
The good news is: • The market is oversold and due for a bounce. The negatives Most of the major indices were down for each…
The good news is: • The secondaries continued to outperform the blue chips. The negatives The market has been following the average seasonal pattern quite…
The good news is: • The secondaries have been outperforming the blue chips. The negatives The first chart shows the S&P 500 (SPX) in red…
The good news is: • Hard to find. The negatives Over the past 2 weeks new lows have practically disappeared. This usually indicates a bottom…
The good news is: • New lows disappeared at the end of last week. Chuck Butler writing in the Daily Pfennig last week gave a…
The good news is: • The Federal Reserve Bank (Fed) is likely to intervene to prop up the market early next week. The week before…
The good news is: • The equity market held up pretty well considering the turmoil in the FX market. The negatives New lows held at…
The good news is: • The market is oversold and next week seasonality turns positive. The negatives New highs disappeared last week while new lows…
The good news is: • New lows declined significantly last week. The negatives After hitting extreme levels on Monday, new lows declined sharply the rest…
The good news is: • The market is oversold and due for a bounce. The negatives Prices began following the breadth indicators downward last week…
The good news is: • The NASDAQ composite (OTC) closed at an all time high on Friday. The negatives Last weeks rally was impressive, the…
The good news is: • There may be a few days left in the countertrend rally that began last week. The negatives The game is…
The good news is: • The market is very oversold and due for a bounce. The negatives The market appears to have run out of…