Page 30 - Uy Ortmann News Today

This One Factor May Have the Most Influence on Market Action Now

Nasdaq 100 and Composite Trends Turn Positive Bullish investor sentiment declines. May 25, 2021 | 10:31 AM EDT Several positive technical events have been generated on the charts of the major equity indices, which are now a mix of positive and neutral. Meanwhile, there has been a drop in bullish investor sentiment, particularly on the part of investment advisors that we view as is healthy as it continues to suggest a contraction in what we considered to be an excess of optimism. Heres t...

What Direction Are the Markets Winds Blowing? Only one major equity index remains in a negative trend. May 24, 2021 | 10:15 AM EDT While stocks are higher in early trading Monday, has there been enough of a change in the weight of the evidence to warrant a shift in our market outlook? On the Charts The major equity indices closed mixed Friday. The charts saw some technical signals from both a positive and negative interpretation. On the plus side, the DJIA (see below) closed above resis...

Weak Markets Wednesday Suggest Violations of Support

4 Index Charts See Their Resistance Levels Violated

Where Does the Market Stand After Thursdays Rally? Two of the sentiment indicators moved in opposite directions. Markets rallied Thursday after declines earlier this week. So where do we go from here? Lets check the latest index charts and market data. On the Charts All the equity indices closed higher Thursday with positive internals on the NYSE while the Nasdaq had slightly positive breadth but negative up/down volume. The charts saw some improvement with the S&P 500 (see below), DJIA...

Index Charts See Further Weakening NYSE cumulative breadth deteriorates. May 12, 2021 | 10:25 AM EDT All the major equity indices closed lower Tuesday with negative internals on the NYSE while the Nasdaq had negative breadth but positive up/down volume. The charts saw violations of uptrends with some bearish stochastic crossovers added into the mix. However, in our view, the Nasdaq 100 and Nasdaq Composite suffered less damage with some large-cap growth names closing higher on the day. ...

Here's where Tuesday's volatile action leaves the markets.

2 Dominant Factors Will Determine the Market Action Here Sentiment indicators remain cautionary. Apr 26, 2021 | 11:01 AM EDT While investor psychology continues to suggest an excess of bullish sentiment and overvaluation persists, we believe the charts of the major equity indices and Overbought/Oversold levels remain the dominant factors for near-term market action. On the Charts All the major equity indices closed higher Friday with positive internals on the NYSE and Nasdaq. Positive t...

Index Chart Trends See a Shift The wall of worry is in need of repair. Apr 21, 2021 | 10:31 AM EDT There were several shifts in near-term chart trends for the major equity indices Tuesday and some violations of support. Weak breadth was sufficient to turn the cumulative advance/decline lines negative while some further bearish stochastic crossovers were registered. One possible silver lining, however, may be coming from the two of the McClellan OB/OS Oscillators that are now in oversold...