The good news is: The market is oversold as we are approaching a very strong seasonal period.
The negatives: New lows hit their highest levels since mid October on Friday.
The chart below covers the past 6 months showing the...
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 Dow Jones Industrial Average (DJIA) and S&P500 (SPX) closed at all-time highs on Friday.
The negatives: Last week an alert reader suggested the elevated number of new lows were likely to be from...
The negatives: Last week an alert reader suggested the elevated number of new lows were likely to be from...
The good news is: The Dow Jones Industrial Average (DJIA) closed at an all-time high and the NASDAQ composite (OTC) closed at a multi-year high on Friday.
The negatives: There were a lot of new lows reported on Friday,...
The negatives: There were a lot of new lows reported on Friday,...
The good news is: All of the blue chip indices closed at an all time high and the NASDAQ composite (OTC) closed at a multi year high on Friday.
The negatives: Bonds had a bad week, the secondaries underperformed the blue chips and new...
The negatives: Bonds had a bad week, the secondaries underperformed the blue chips and new...
The good news is: The S&P500 (SPX) closed at an all time high and the NASDAQ composite (OTC) closed at a multi year high on Friday.
The negatives: The major indices continued to move upward, but new lows and...
The negatives: The major indices continued to move upward, but new lows and...
The good news is: The Blue chip indices closed at all time highs on Friday and the NASDAQ composite (OTC) closed at a multi year high on Thursday.
The negatives: The most important marks of a bottom are the abrupt...
The negatives: The most important marks of a bottom are the abrupt...
The good news is: All of the Blue chip indices closed at all time-highs on Friday and the NASDAQ composite (OTC) closed at a multi-year high.
The negatives: The market bottomed a little over 2 weeks ago and has...
The negatives: The market bottomed a little over 2 weeks ago and has...
The good news: We are about to enter the strongest period of the 4 year Presidential Cycle. It runs from the last few days of October during the 2nd year of the Presidential Cycle through August of the 3rd year.
The...
The...
The good news is: New lows disappeared on Friday.
The negatives: At bottoms downside volume, like new lows disappears. Friday was the only day last week where that appeared to be happening.
The chart below covers...
The negatives: At bottoms downside volume, like new lows disappears. Friday was the only day last week where that appeared to be happening.
The chart below covers...
The good news is: This period of weakness should end soon.
The negatives: Several years ago a reporter asked a Fed governor (I think it might have been Donald Kohn) if he thought QE had been successful. The Fed...
The negatives: Several years ago a reporter asked a Fed governor (I think it might have been Donald Kohn) if he thought QE had been successful. The Fed...
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