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.
Mike Burk Articles
The market remains in free fall. New lows are the only measure that matters…and they will quickly disappear when this period of weakness ends. I expect the major averages to be lower on Friday January 22 than they were on Friday January 15.
The good news is: At the rate of decline for the year so far, the end must be near. The negatives: The major indices were down 6% - 8% last week. There is not much more I can say.
The good news is: The market has been following the average seasonal pattern which remains positive. The negatives: The numbers do not mean much. This is the time of the year when the market usually drifts upward on low volume and that...
The good news is: New highs picked up to the highest levels in several weeks. The negatives: The chart below covers the past 6 months showing the S&P500 (SPX) in red and a 10% trend (19 day EMA) of NYSE new highs (NY NH) in green....
The good news is: There has been no significant increase in new lows on the NASDAQ. The negatives: New highs have disappeared.
The good news is: The market averages are likely to be at or near their low point for this month. The Negatives: New highs have disappeared. There were 406 new lows on the NYSE last Thursday, that is huge.
The chart below covers the past...
The good news is:
All of the major indices hit or closed at multi-year or all time highs last week.
Short term
The chart below is an update of the one shown last week. In its original form the McClellan Oscillator (MCO) was...
