Gold •95 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 991.50 | -10.20 | -1.02% | |
WTI Crude •10 mins | 75.63 | +1.25 | +1.68% | |
Gasoline •10 mins | 2.120 | +0.024 | +1.15% | |
Ethanol •95 days | 2.161 | +0.000 | +0.00% | |
Silver •95 days | 30.82 | +1.16 | +3.92% |
Silver • 95 days | 30.82 | +1.16 | +3.92% | ||
Copper • 95 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 79.24 | +1.19 | +1.52% | ||
Natural Gas • 10 mins | 2.765 | -0.089 | -3.12% | ||
Heating Oil • 10 mins | 2.341 | +0.028 | +1.22% |
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…