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
The Nasdaq 1000 has now retraced 50% of its gains from the Covid low.
Can the charts get in line with the data?.
Several contrarian indicators are at historically high levels of bearish expectations, but other charts may tell a different story.
Only five times in the past decade have ETF traders been so heavily leveraged short.
Our recent suggestion of doing some nibbling in stocks remains intact -- with one caveat.
At these levels, this dynamic has frequently resulted in powerful market rallies.
Here's why some selective buying may now be appropriate.
While data suggest some relief, the charts have yet to imply we have seen a completion of the current market correction.