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:  NYSE new lows remained at non-threatening levels.

The Negatives:  NYSE new highs collapsed last week after hitting sensational levels the week before.  NASDAQ new highs have been weak for a long time...
The good news is: New highs on the NYSE hit sensational numbers early last week.

The Negatives:  It appears everyone is searching for yield.  With 10 year Treasuries yielding 1.7%, the strongest sectors are utilities, precious...
The good news is:  New highs on the NYSE increased last week in spite of another rough week for the major indices.

The Negatives:  There have been very few new highs on the NASDAQ for a long time.  It is a different story...
The good news is:  In spite of a rough week for the market indices, the breadth indicators held up pretty well.

The Negatives:  There are no serious negatives.

Considering how close some of the indices are to their all-time...
The good news is: The secondaries have been outperforming the blue chips -- and the number of new lows has been insignificant.

The Negatives: There are not any serious negatives.

On the NYSE new lows have been in single digits, a...
The good news is:  The secondaries have been outperforming the blue chips.

The Negatives: NASDAQ breadth indicators continue to underperform NYSE breadth indicators.  Considering the NASDAQ composite (OTC) is only about 5...
The good news is:  New lows remained at insignificant levels.

The Negatives:  NASDAQ breadth indicators continue to underperform NYSE breadth indicators.

The first chart covers the past six months showing the NASDAQ...
The good news is:  New lows declined to insignificant levels and the secondaries have been outperforming the blue chips.

The Negatives:  The market is overbought.

The chart below covers the past 34 trading days showing the...
The good news is:  In spite of a down week new lows remained at non-threatening levels.

The Negatives:  The NYSE and NASDAQ markets continue to performing differently internally vis-a-vis the NASDAQ weaker than the NYSE -- and...
The good news is:  The market has had five consecutive winning weeks.

The Negatives:  The market is overbought.

In the past 5 weeks the Dow Jones Industrial Average (DJIA) ,  and NASDAQ composite (OTC) have both been...

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