Guy Ortmann is Senior Technical Analyst and Director of Research at Scarsdale Equities, a boutique investment banking firm in New York. He is a  Chartered Market Technician as well as  a registered fundamental research analyst  (series 86, 87, 7, 63, 24) with almost 30 years of  experience on Wall Street.Expand

His technical research involves general markets, sector specifics and individual equities, that have been noted in  Forbes, Reuters, Dow Jones Newswire among other publications.Collapse

And the crowd has become a bit more nervous, according to the Total and Equity Put/Call Ratios.
Still, watch out for a few yellow flags of caution.
Financial names populate the bullish side.
We now find five of the seven indexes in neutral sideways patters.
We have extended valuation, investment advisor complacency, high levels of margin debt and questionable market breadth.
These charts are showing bullish or bearish reversals.
Of continuing concern is the complacency on the part of investment advisers.
Finding bullish and bearish reversals in the market.
We are maintaining our near-term negative outlook for the major equity indexes.
Therefore our near-term outlook for indexes remains negative.

BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.