Guy Ortmann News Today

After the Magnificent Seven dominated headlines for much of 2023, the tech-heavy Nasdaq Composite slid 3.25% on the week. But a poor start to the year...

Stocks are at a critical crossroads following their recent rally.

Stocks have made little progress higher over the past month, suggesting investors should wait for more conviction.

A sharp sell-off this month has many oversold indicators suggesting a bear market rally is increasingly likely.

Stocks on Wall Street took a massive tumble across the board on June 10, after a highly anticipated ...

Index Charts See Multiple Improvements All but two key benchmarks are now in near-term uptrends. Apr 05, 2021 | 10:39 AM EDT The charts of the major equity indices have generated multiple positive technical events, while the data remains generally neutral as cumulative market breadth also improved. The only thing keeping us near-term "neutral" in our macro-outlook for equities is the fact that the S&P 500 has already gained 70 points over the past six sessions and is gapping higher Mond...

The Nasdaqs Trend Has Shifted Only one major index now remains in a downtrend. There was one technical event of note for the major equity indices Wednesday. The Nasdaq Composite closed above its near-term resistance and short-term downtrend line and that shifted its trend to neutral from bearish. Overall, we find the short-term index trends staying a mix of bullish and neutral implications with only one remaining in a downtrend. Cumulative market breadth has yet to turn positive while t...

3 Reasons Why We Have Raised Our Market Outlook

Nasdaq Trends Are Still Negative Despite Strength

Index Charts 'Hammer' Out Improvement