Mike Burk

Contributor since: 26 Feb 2010

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• Technical Market Report for November 14, 2015

  Published 14 November 2015 | viewed 0 times

  The good news is: • The current weakness is part of a seasonal pattern that ends in a week. The negatives New lows rose on…

• Technical Market Report for November 7, 2015

  Published 07 November 2015 | viewed 0 times

  The good news is: • Last week the secondaries outperformed the blue chips for the first time in quite a while. The negatives The advance…

• Technical Market Report for October 30, 2015

  Published 31 October 2015 | viewed 0 times

  The good news is: • The NDX (Big tech index) closed at an all time high Wednesday. The negatives The secondaries continue to underperform, new…

• Technical Market Report for October 24, 2015

  Published 24 October 2015 | viewed 0 times

  The good news is: • New highs picked up last week. The negatives We expect to see the secondaries lead both up and down and…

• Technical Market Report for October 17, 2015

  Published 17 October 2015 | viewed 0 times

  The good news is: • New lows remained at non threatening levels last week. The negatives Monday will be the 28th anniversary of the October…

• Technical Market Report for October 10, 2015

  Published 10 October 2015 | viewed 0 times

  The good news is: • Last week new lows disappeared and new highs began accumulating. The negatives The major indices are up 7% - 8%…

• Technical Market Report for October 3, 2015

  Published 03 October 2015 | viewed 0 times

  The good news is: • On Monday the market retested its August low and bounced off of it. The negatives Last week was a mirror…

• Technical Market Report for September 26, 2015

  Published 26 September 2015 | viewed 0 times

  The good news is: • The market is oversold and due for a bounce. The negatives Most of the major indices were down for each…

• Technical Market Report for September 19, 2015

  Published 19 September 2015 | viewed 0 times

  The good news is: • The secondaries continued to outperform the blue chips. The negatives The market has been following the average seasonal pattern quite…

• Technical Market Report for September 12, 2015

  Published 12 September 2015 | viewed 0 times

  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…

• Technical Market Report for September 5, 2015

  Published 05 September 2015 | viewed 0 times

  The good news is: • Hard to find. The negatives Over the past 2 weeks new lows have practically disappeared. This usually indicates a bottom…

• Technical Market Report for August 29, 2015

  Published 29 August 2015 | viewed 0 times

  The good news is: • New lows disappeared at the end of last week. Chuck Butler writing in the Daily Pfennig last week gave a…

• Technical Market Report for August 22, 2015

  Published 22 August 2015 | viewed 0 times

  The good news is: • The Federal Reserve Bank (Fed) is likely to intervene to prop up the market early next week. The week before…

• Technical Market Report for August 15, 2015

  Published 15 August 2015 | viewed 0 times

  The good news is: • The equity market held up pretty well considering the turmoil in the FX market. The negatives New lows held at…

• Technical Market Report for August 8, 2015

  Published 08 August 2015 | viewed 0 times

  The good news is: • The market is oversold and next week seasonality turns positive. The negatives New highs disappeared last week while new lows…

• Technical Market Report for August 1, 2015

  Published 01 August 2015 | viewed 0 times

  The good news is: • New lows declined significantly last week. The negatives After hitting extreme levels on Monday, new lows declined sharply the rest…

• Technical Market Report for July 25, 2015

  Published 25 July 2015 | viewed 0 times

  The good news is: • The market is oversold and due for a bounce. The negatives Prices began following the breadth indicators downward last week…

• Technical Market Report for July 18, 2015

  Published 18 July 2015 | viewed 0 times

  The good news is: • The NASDAQ composite (OTC) closed at an all time high on Friday. The negatives Last weeks rally was impressive, the…

• Technical Market Report for July 11, 2015

  Published 11 July 2015 | viewed 0 times

  The good news is: • There may be a few days left in the countertrend rally that began last week. The negatives The game is…

• Technical Market Report for July 4, 2015

  Published 05 July 2015 | viewed 0 times

  The good news is: • The market is very oversold and due for a bounce. The negatives The market appears to have run out of…