Guy S. Ortmann, CMT is Director of Research/Senior Technical Analyst at R.F. Lafferty & Co. Inc. with a proven track record, over the past three decades, of using a combination of technical and fundamental analysis for timely and profitable U.S. macro equity market and stock/commodity specific ideas for institutional and high net worth clients. His research has been published in many high visibility Wall Street publications. It is his view that both technical and fundamental analysis are absolute requirements for consistent portfolio performance.
Recent Articles By The Author
We are keeping our eyes open for the indexes having a notable recovery from intraday lows.
They are extremely oversold and at levels coincident with notable market rallies over the past year.
The fact that the tests were successful on Friday is an encouraging sign.
The markets have responded to the wash-out of sellers in the prior session as noted by 'hammer' formations.
Given the depth and velocity of the declines, we are keeping our eyes open.