Sunday, December 05, 2010

Current Market Outlook from Mike Burk

There's a free weekly newsletter I like from Mike Burk at Alpha Investment Management. Here's a short excerpt from the latest edition, which basically agrees with my own opinion:
The good news is: The small and mid cap indices as well as the NASDAQ composite (OTC) closed at multi year highs Friday.

The small caps hitting multi year highs is an intermediate term positive implying higher highs for all of the major indices in the next few months. [However,] most of the breadth indicators did not confirm Friday's highs and that, along with the seasonal pattern, suggests short term weakness.
The newsletter also has charts showing you the technical indicators he's talking about.

Next time, more about those seasonal patterns. Meanwhile, you can subscribe to the newsletter free.

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