The good news is: The blue chip indices finished the week at or near their all time highs and the secondaries have been outperforming the blue chips.
The Negatives: The market is overbought and new lows have been creeping up...
Mike Burk
Mike Burk began developing equity trading systems in the early 1980's. Through the 1990's he marketed an equity trading system called MIRAT based on breadth indicators, but, primarily new lows. In the early days of this century he developed the seasonal trading strategies currently used by Alpha Investment Management of Cincinnati. Mr. Burk has been writing equity market newsletters since the early 1990's. During the past 10 years the letter observes both breadth and seasonal strategies.
Articles by Mike Burk
The good news is: The blue chip indices and the S&P500 Mid-Cap Index closed at all-time highs last week.
The Negatives: The blue chip indices have been hitting new highs while the secondaries are trading well off their...
The Negatives: The blue chip indices have been hitting new highs while the secondaries are trading well off their...
The good news is: The blue chip indices closed at all-time highs last week.
The Negatives: The market is overbought.
Treasury yields, although still absurdly low, increased by nearly 10% last week.
The positives:...
The Negatives: The market is overbought.
Treasury yields, although still absurdly low, increased by nearly 10% last week.
The positives:...
The good news is: The S&P500 (SPX) closed within a point of its all-time high Friday.
The Negatives: The market is overbought.
The SPX closed near its all-time high while 10 yr. treasury yields danced around all-...
The Negatives: The market is overbought.
The SPX closed near its all-time high while 10 yr. treasury yields danced around all-...
The good news is: The market has recovered from its BREXIT calamity.
The Negatives: The market is overbought.
Over the last 4 trading days of last week the major indices were up 5% - 6%.
After hitting record low yields...
The Negatives: The market is overbought.
Over the last 4 trading days of last week the major indices were up 5% - 6%.
After hitting record low yields...
The Good News is: There is reason to believe the BREXIT calamity for the market will be just a brief transient.
The Negatives: For a market rising and close to all-time highs, new highs have been in short supply for a long...
The Negatives: For a market rising and close to all-time highs, new highs have been in short supply for a long...
The good news is: In spite of lower prices, new lows declined at the end of the week.
The Negatives: There was a spike in NYSE volume last Friday. Banks and mining issues populated the most active list.
On the...
The Negatives: There was a spike in NYSE volume last Friday. Banks and mining issues populated the most active list.
On the...
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.
The Negatives: The market had a great week through Wednesday’s close. After that it deteriorated...
The Negatives: The market had a great week through Wednesday’s close. After that it deteriorated...
The good news is: New highs picked up last week and the secondaries were stronger than the blue chips.
The Negatives: There are no significant negatives.
NASDAQ new highs came up a little short, but new lows have all but disappeared...
The Negatives: There are no significant negatives.
NASDAQ new highs came up a little short, but new lows have all but disappeared...
The good news is: The market turned sharply upward last week. New lows declined sharply on both the NYSE and NASDAQ and the secondaries were stronger than the blue chips.
The Negatives: As far as new highs and new lows...
The Negatives: As far as new highs and new lows...
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