Guy S. Ortmann, CMT is a successful equity research analyst/strategist with a proven track record, over the past two 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
At the very end of December, the shorter of the two downtrend lines was violated suggesting a possible reversal at hand.
Our analogy of the markets being 'akin to dry wood waiting for a spark' last Friday was prescient.
When the crowd becomes excessively bearish as insiders gobble up stock, it is usually coincident with a market bottom.
Breadth needs improvement and some downtrends remain intact, but the charts indicate the indices can push higher near term.
There is a host of data suggesting an important buying opportunity may be at hand.
Bullish market psychology is being counterbalanced by charts trends.
Hammer formations now appear on multiple stock market charts.