Page 2 - Guy Ortmann News Today

More Technical Damage Done Mar 05, 2021 | 10:24 AM EST All the charts of the major equity indices suffered some form of technical damage Thursday. Indeed, all but one violated its near-term support level. Cumulative market breadth deteriorated further as well. Still, indicators say markets are now significantly oversold, despite a lack of bottoming signals within a weakening structure. On the Charts Source: Worden All the major equity indices closed lower Thursday with very negative internals a...

Why We Are Cutting Our Market Outlook

Market Bounce Is at Hand - But Insider Selling Intensifies

Index charts remain in uptrends, but breadth and stochastic signals suggest vulnerability.

Where Does Recent Weakness Leave Market Trends?

A Stock Market Tug of War

The current Rydex/Insider dynamic has been a prescient indicator of market pullbacks and pauses.

McClellan Oscillators Are Nearing Overbought Levels Our latest look at the markets charts and indicators. More highs again. Once again, several new all-time closing highs were registered on the major equity indices on Friday as the vast majority remain in near-term uptrends and lacking sell signals. Meanwhile, the one-day McClellan OB/OS Oscillators are nearing overbought levels and forward 12-month earnings estimates for the S&P 500 continue to rise. As such, while we believe some very...

Stock-Picking Becomes More Important in This Market Environment

Is the Ice Thinning Under the Market?