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
While the near-term charts and market breadth remain positive and lack sell signals, some clouds are starting to appear.
The data are causing some concern now that substantial gains have been achieved from the June lows.
Those cautionary signals suggest the increasing likelihood of some correction or consolidation of recent big market gains.
However, we are becoming more reticent about chasing price at current levels given some of the data and valuation issues.