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 S&P 100 (OEX) closed at an all-time high Friday while the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) closed less than 1% from their all-time highs.

The negatives: Last week new lows...
The good news is:  The market is oversold and due for a bounce.

The negatives:  For the past month the secondaries have been underperforming the blue chips, new highs have been practically non-existent and new lows have...
The good news is:  Last week, for the 1st time in 15 years, the NASDAQ composite (OTC) closed at an all-time high.  The S&P500 (SPX) also finished the week at an all-time high.

The negatives:  New highs continue to...
The good news is:  New lows have remained at insignificant levels.

The negatives:  Market tops seem to take forever to develop.  So long that it is hard to believe it when it happens.  This one has been developing...
The good news is:  New lows have remained at insignificant levels.

The negatives:  The new high list expands in a strong market.  Most of the major indices are within 1% of their all time highs and the new high list looks...
The good news is:  The small caps have been outperforming the blue chips.

The negatives:  In a strong market new highs will often increase on down days.  Currently, that is not the case.

The chart below covers the past...
The good news is:  The small caps held up better than the blue chips during last week’s market tumble and new lows remained at non threatening levels.

The negatives:  NYSE new highs are the only data set deserving some concern...
The good news is:  The small caps and mid-caps finished the week at all-time highs and the blue chips were not far behind.

The negatives: Negatives are hard to find.  New highs have been coming up short for a while, but that...
The good news is:  The secondaries have been outperforming the blue chips.

The negatives:  New lows reached uncomfortably high levels last week, high enough to trigger a Hindenburg Omen.  A Hindenburg Omen was NOT...
The good news is:  The market has worked off its overbought condition will be ready to rally when this sell off ends.

The negatives:  Strength of the breadth indicators peaked about a year ago.  Either they will recover...

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