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
Given the technical chart improvements, data and valuation, we are feeling more positive about this market.
Tuesday's improvements were helpful, but we still hold our "neutral" near-term outlook for the major equity indices.
The indices are facing significant overhead resistance, right now.
Most stock indices remain in downtrends.
Despite charts and data remaining neutral, we are increasingly cautious, as we believe outside events may have a notable impact not yet priced in.
Several 50-day moving averages for the indices have been violated.