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

Finding bullish and bearish reversals in the market.
Risk remains high and warrants a cautious, negative outlook for the near term.
If the economy were improving, they would be quicker to respond than large caps.
Analyzing an unconvincing bounce.
Finding bullish and bearish reversals in the market.
Down volume surpassed up volume, suggesting demand was not as strong as the indexes implied.
The near-term outlook turns negative.
The forward P/E of the S&P 500 is back near historic highs.
Finding bullish and bearish reversals in the market.
However, it is not actionable, in our opinion, unless support is violated.

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we will add this here to cheaply protect our downside a bit BOUGHT SPY SEP 244 PUT AT 2.70 ...


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