The good news is: New lows declined sharply on Friday.
The negatives: It is too early to tell, but new low numbers on Friday were encouraging.
Friday NYSE new lows declined to 80 on Friday from 262 on Thursday and NASDAQ...
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: New lows have risen to the level that will make it easy to determine when a bottom has been reached.
The negatives: There is no sign of a bottom.
New lows remained at threatening levels every day last...
The negatives: There is no sign of a bottom.
New lows remained at threatening levels every day last...
The good news is: The Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) closed at all time highs on Friday.
The negatives: A Hindenburg Omen was triggered on both Thursday and Friday. This signal has not been...
The negatives: A Hindenburg Omen was triggered on both Thursday and Friday. This signal has not been...
The good news is: New lows remained insignificant on the NASDAQ.
The negatives: New lows, while still at benign levels, increased last week and new highs remained minimal.
The chart below covers the past 6 months...
The negatives: New lows, while still at benign levels, increased last week and new highs remained minimal.
The chart below covers the past 6 months...
The good news is: The Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) closed at all-time highs last Friday and the NASDAQ composite closed at a multi-year high on Tuesday.
The negatives: New lows...
The negatives: New lows...
The good news is: The NASDAQ composite (OTC) closed at a multi year high and the S&P 500 (SPX) closed at an all time high on Friday.
The negatives: New highs leveled off on the NASDAQ last week, but increased on the NYSE...
The negatives: New highs leveled off on the NASDAQ last week, but increased on the NYSE...
The good news is: The NASDAQ composite (OTC) closed at a multi year high Friday and the S&P 500 (SPX) closed at an all time high on Thursday.
When my weekly forecasts are wrong it is usually because they are too negative and...
When my weekly forecasts are wrong it is usually because they are too negative and...
The good news is: Last week new lows declined for the first time in over a month.
The negatives: New highs picked up last week, but remain near their recent lows of the past 2 years.
The chart below covers the past...
The negatives: New highs picked up last week, but remain near their recent lows of the past 2 years.
The chart below covers the past...
The good news is: The market rallied a bit last week and the secondaries outperformed the blue chips.
The negatives: The key sign this period of weakness has ended will be when new lows disappear. That has not happened...
The negatives: The key sign this period of weakness has ended will be when new lows disappear. That has not happened...
The good news is: New lows picked up dramatically last week so we should get a clear signal when this period of weakness is over.
The negatives: New lows became an issue last week exceeding 100 on both the NYSE and NASDAQ on...
The negatives: New lows became an issue last week exceeding 100 on both the NYSE and NASDAQ on...
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