As another trading week plays out let’s take a tally of the market. Most major equity indexes closed near their intraday highs Thursday as three of the charts managed to close above their near-t...
Tag: Guy Ortmann
After a Hot CPI, Where the S&P 500 and Nasdaq Close Friday Is Key
With hotter-than-expected CPI numbers released Friday morning putting pressure on stocks, closing prices for the S&P 500 and Nasdaq Composite are key for the markets. In our view, the S&P need...
This Prescient Contrarian Indicator Is Flashing a Very Bullish Signal
The trading was harsh enough Thursday to send several of the equity indexes back below their support levels. However, none of the near-term trends were violated. For sure, the markets remain on volati...
Extreme Bearish Sentiment Has Positive Implications
Here’s an interesting fact after Thursday’s market downslide: Following the washout trading session on Feb 24, all the major equity indexes, except for the Nasdaq Composite, have been maki...
5 Reasons Why We Expect a Relief Rally Is on the Way
The charts of the major equity indexes and market breadth have yet to send a glimmer that the worst might be over. However, the data are suggesting that fear is at peak levels and pressure has built t...
As Bears Pound the Bulls, 2 Indicators Strongly Suggest Relief Is on the Way
While the bears have been hammering the bulls of late, we are seeing levels on two indicators that suggest some relief of recent pressure may be in the offering. And should the indexes manage to close...