Guy Ortmann is Senior Technical Analyst and Director of Research at Scarsdale Equities, a boutique investment banking firm in New York. He is a  Chartered Market Technician as well as  a registered fundamental research analyst  (series 86, 87, 7, 63, 24) with almost 30 years of  experience on Wall Street.Expand

His technical research involves general markets, sector specifics and individual equities, that have been noted in  Forbes, Reuters, Dow Jones Newswire among other publications.Collapse

These names are showing bullish or bearish reversal patterns over the past week.
The Nasdaq Composite and Nasdaq 100 have reached new heights.
Stochastics are overbought largely across the board on the index charts.
We have upgraded our near-term outlook for the equity indices.
Chart formation implies a near-term washout of selling pressure for the equity index.
Charts have weakened further on multiple violations.
Multiple index support levels have now been violated.
These names are showing bullish or bearish reversal patterns over the past week.
The DJIA's short-term trend has turned to negative from neutral.
Some of the indices continue to appear extended and potentially vulnerable.

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