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



All of the major averages closed at all-time highs last Friday.



The Negatives

The market is overbought.

NYSE 52 week new lows have picked up a bit.  The increase appears to be from interest...
The good news is:  All of the major indices closed at all-time highs on Friday

The Negatives

New highs again failed to confirm the index highs.

The chart below covers the past 6 months showing the OTC in blue and a 10% trend...
The good news is:  All of the major indices closed at all-time highs last Friday.

The Negatives: The market is overbought.

The Positives: Last week new lows disappeared while new highs soared to their highest levels in...
The good news is:  The Dow Jones Industrial Average (DJIA) hit an all-time high last week.

The Negatives:  The DJIA hit an all-time high Thursday that was unconfirmed by all of the more broadly based indices and the AD lines....
The Good News Is:  All of the major indices hit all-time highs last week.

The Negatives: The market is overbought to an extreme.

The Russell 2000 (R2K) has been up for 15 consecutive trading days as has the NASDAQ AD line. These...
The good news is:  The Russell 2000 (R2K) and S&P mid-cap indices hit all-time highs last week.

The Negatives

Typically at a bottom new lows and downside volume disappear.

Relatively, new lows have disappeared, however,...
The Good News Is:  The NASDAQ composite (OTC) closed at an all-time high last Thursday.

The Negatives: New highs failed to confirm last week’s rally.

The first chart covers the past 6 months showing the S&P 500 (SPX) in red...
The good news is:
• The NASDAQ composite (OTC) and S&P Mid-cap indices closed at all-time highs last Wednesday before falling to losses for the week.

The Negatives

2%+ declines are scary, but when they follow confirmed all-time...
The good news is:  Last Thursday, with great fanfare, the Dow Jones Industrial Average (DJIA), S&P500 (SPX) and NASDAQ composite (OTC) all closed at all time highs.

The Negatives:  The market is overbought. In spite of...
The good news is: New highs are strong, new lows are minimal and the secondaries are outperforming the blue chips.

The Negatives:  The market is overbought.

The positives:  New highs have been holding at comfortable levels...

Pages

Gold falls on firm dollar, China rate cut lends support