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Brett Villaume, CMT, CAIA

Brett Villaume, CMT, CAIA

Brett Villaume, CMT, CAIA, is President of the CMT Association and has served on the Board of Directors since 2014. Additionally, Brett is a Wealth Advisor at Dogpatch Capital, a registered investment advisor in San Francisco, CA.

From 2015 to 2021, Brett served as Senior Vice President and Director of Investor Relations at Pacific Premier Bancorp, Inc., a regional commercial bank headquartered in Irvine, California. From 2004 to 2014, Brett was Vice President and Research Analyst with FIG Partners, a boutique broker-dealer specializing in Bank and Thrift equity investments, where he specialized in fundamental and technical analysis of small- to mid-sized banks in the western region of the US. From 1999-2004, Brett was a Research Analyst at Neovest Trading, a trading software development firm and regional broker-dealer, where he authored daily technical analysis commentary and co-managed the firm’s proprietary quantitative stock picking model. Brett previously was Adjunct Professor of Technical Analysis at Golden Gate University in San Francisco, California from 2013 to 2019.

Brett previously served as Co-Chair of the Atlanta, Northern California, and Los Angeles chapters of the CMT Association. Additionally, Brett is a board member of the Technical Securities Analysts Association of San Francisco (TSAA-SF), an IFTA member society. Brett achieved the Chartered Market Technician (CMT) designation in 2005 and the Chartered Alternative Investment Analyst (CAIA) designation in 2012.

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            [post_content] => As it is for so many people, especially those who worked in downtown Manhattan and the Pentagon, this month holds special meaning as it marks the 20th anniversary of the attacks on 9/11. As the Association, then known as the Market Technicians Association (MTA), had its headquarters in the North Tower of the World Trade Center, we were deeply affected. First and foremost, we had our own people in the building when the events unfolded. Fortunately, everyone working in the office was able to escape to safety. But we did suffer a huge loss as one of our members perished in the Tower collapse, and so did our office, along with our library and a good deal of our written history.



In this month’s edition, we have an updated version of the experience of Shelley Lebeck, our long-time office manager, from first feeling the building shake to her escape uptown. We also are re-running a piece written by Barbara Gomperts, our marketing consultant and production coordinator, about how the Association was able to bounce back so quickly. And Ralph Acampora relates his thoughts; he was President of the Association at the time. The point of all this is to show how the Association was dealt a huge blow, but was able to overcome it and continue to serve our members. That is the power of a membership community who cares and gets involved. Here is but one example: the late Bill Doane, who I thank daily for saving every edition of Technically Speaking, drove down from Boston with boxes of books from his own personal library as a gift to kickstart the library rebuild. Also, as luck would have it, I had a stash of MTA photos at home with me as I was putting together our tradeshow marketing booth. At least we had some of our visual history to seed new memories.

There are, of course, other things happening in the Association as we continue to move forward. This month’s member interview is with Ryan Detrick, CMT, who you may have seen many times on TV and Twitter, as he spreads the word on technical analysis. We’ve got news about the upcoming Asia Pacific Summit virtual event, as well as member news, information on the new Fill the Gap podcast episode and the announcement that our submission period is now open for the 2022 Charles H. Dow Award.

Be a part of this. Join a committee. Share your knowledge with the next generation of technicians. Even just attend the annual symposium. You will be glad you did.

This is the final edition of Technically Speaking in its current form. The Association is combining this newsletter with the Technical Insights newsletter, and I will be handing over the reins to Rashmi Shastry, CMT and the new team. Executive Director Alvin Kressler has more about this initiative below.

Michael Kahn, CMT

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            [post_content] => It's August already, and life seems to have taken a step backward. Covid made a comeback and all of those “pandemic recovery” stocks took it on the chin. Fortunately, unlike last year, we have potent weapons at our disposal, so this could be just a temporary setback. That means the economic recovery should continue later this year. Could rising interest rates derail it? Did oil just correct and is preparing to break out to the upside again? Take a look at a long-term chart (20 years) of gold, too.

So many cross currents to consider. Will the meme stocks keep meme-ing? Will poorer global economies bounce back after getting more of the vaccine? And just how long can the large-cap indices make new highs when the others are offering no profit whatsoever since the start of the year (look at the Russell 2000)? Of course, these may be famous last words in the limbo period between when I write them and when they are officially published.

On the Association front, the summer, especially another Covid summer, is a quiet time. Chapter meetings are just starting to ramp up again, but CMT testing is going strong. In this month’s edition of Technically Speaking, we’ve taken yet another dive into the past with content poached from newsletters of yore, including a biography of John Magee, of Edwards & Magee, written by George Schade, CMT. If you did not already know, a lot of that famous tome was based on the work of Richard Schabacker, who was not coincidently Richard Edwards’ brother-in-law. We’ve also reprised Donald Mack’s review of Schabacker’s book, Technical Analysis and Stock Market Profits.

This month’s member interview is with Marc Lichtenfeld, a long-time member. Of course, there is member news, the official CMT Podcast announcement with Pamela Yoon, CMT and a page of photos taken at the 14th Annual Seminar in Naples, Fl.

If you have some old photos, please scan them and send them in to editor@cmtassociation.com. We would love to have them. Also, if you would like us to run an interview with a favorite technician, let us know that, too. Any content we run to make your professional and analytical life easier is fair game. And if you have something to say yourself, let’s go. Write that article!

Until next month. Look for a story then about how the organization survived September 11, on the upcoming 20-year anniversary.

Michael Kahn, CMT

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            [post_content] => I would like to welcome the new slate of officers and directors as they begin their terms this month. New President, and former Vice President, Brett Villaume offers his vision with his remarks in the President's Letter as we begin. There is one observation I would like to make about the Board of Directors: it does not look like a relic from the 1980’s Wall Street of the fictional Gordon Gekko with colored shirts, white collars and suspenders. In an industry where the ranks are still very much dominated by a small segment of the population, our Board is diverse in every way possible. And as Brett writes in his opening remarks, the number of CMT Members outside of North America is growing so fast that it may soon be greater than the number within. I am proud to be associated with this group.

As the economies around the world are in varying stages of recovery, there is no one recipe for global investment. It is still very much country-dependent but it is on the right path. With that in mind, and now that much of the pandemic is in the rearview mirror, “normal” market forces are now back in charge. In other words, the free market is free once again, even with atypical conditions left over from the new work-at-home era. Think lots of job openings and lots of unemployed people at the same time. But price has a way of dealing with it, as long as it is left to its own devices.

While committees and chapters are still in their summer “quiet periods,” no doubt as everyone is more eager to get out than Zoom, Association news is limited. However, the podcast is in full swing with this month’s subject, Andreas Clenow, CMT. Did you catch Ralph Acampora last month?

This month’s member interview is with Jake Damian Chow from Singapore, a recent award-winning technician. Our featured article is by the late Stephen Cox, reprinted from May 1998. The topic is a dive into the media’s relationship with technical analysis from someone who lived in both worlds. Next, there is a summary of the recent European Summit. And finally, the photo archive digs deep into the past with newsletter excerpts from 1976 and a collage of “seasoned” technicians for you to identify. It’s a caption contest! How many can you name? By the way, that edition of the newsletter had an article about Lindsay analysis written by George Lindsay, himself.

Michael Kahn, CMT

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            [post_content] => This month marks the one-year anniversary of the start of the 2020 market debacle. Think about how far we’ve all come since then: new highs, economic recovery, light at the end of the COVID tunnel and plenty of other things. We mourn for those we’ve lost and look forward to when our daily activities can return to normal.

What the pandemic may have done is accelerate trends in innovation and massive changes in how we work and play. Think about that when you fire up your Sony Betamax and Palm Pilot. Does your computer have a floppy disc drive? It may not even have a CD drive, anymore.

To quote an old French proverb, “the more things change, the more they stay the same.” The point is that the economy is always changing and industries come into and out of favor. So does debt. And hard assets. And entertainment. And travel. And real estate. You get the point. Don’t get stuck on yesterday’s trends. We are likely starting some huge ones now.

This month, we’ve dipped into the archives for a piece written by our own Dr. Julie Dahlquist many years ago. It talks about how there is good information in technical indicators. And, of course, it never hurts that it pokes a little fun at our economist colleagues.

And speaking of archives, there is one more photo from deep in the history of the Association. If you have any photos of seminars, speeches, winter retreats or just at the bar with fellow technicians, please send them along. We lost many great photos when our office in the Twin Towers came down on 9/11.

This month’s member interview is with Association Vice President Brett Villaume. And our president, Scott Richter, addresses how technical analysis helped him and his firm navigate the frothy waters of the recent short squeeze-a-palooza. Also, while a little delayed, this month’s chapter summary from Hong Kong presents the most thorough account of their December speakers. For those of us in an American mindset, the focus was on Asian markets, so consider that a treat.

Top it off with Association news and a link to the second offering in our new podcast series, “Fill the Gap,” and some recognition of recent member award winners across the globe.

Don’t forget, we can always use content. How about exercising your writing chops and sending in something about how you analyze the markets or how the Association has made your professional life better? No forecasts, please.

Michael Kahn, CMT

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            [post_content] => Just when everyone pooh-poohs our beloved “Sell in May” saw, it somehow starts to work. Or maybe it was just that the S&P 500 hit resistance on waning momentum? Hmm. I, for one, do not blame a tweet. And I also don’t expect this series of coincidences to dictate my summer outlook. By the way, as I write this, the Dow is right where it was when it (and the Spoo) scored their golden crosses in late March.

The truth is that the markets have changed since some of our indicators were created or discovered, and we have to change with them.  That’s why it is so important to keep learning. And keep respecting your “stops” on indicators that no longer produce results.

What better place to learn that at the CMT Association annual symposium? This year’s is in the books, but even if you were unable to attend, you’ll be able to get a few insights from the presenters. We’ve got summaries of several of them in this newsletter edition.

If you were there and took notes, we’d love to get a few paragraphs of individual presentations or the seminar as a whole. Send them to me at editor@cmtassociation.org.

Also in this issue is our series of member interviews, this month with John Kosar, CMT, of Asbury Research. Joyce and Dr. Daniel Miller are back with part two of their series on copyrights. This is an important topic for any of us that publish any works, from books to reports to blogs.

We also pay tribute to long-time member Stephen Cox, CMT, who passed away this month. He was instrumental in establishing the Dow Award.

And, of course, we’ve got some member news, from new CMTs to available resources.

- Michael Kahn, Editor
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LETTER FROM THE EDITOR

Traders around the world are reacting to what they think the Federal Reserve might do in the coming months. Fed officials have repeatedly tried to calm the markets by explaining they have no firm plans for managing the end of their latest Quantitative Easing initiative. For some reason, traders seem to be nervous about assurances. No one really seems to know what will happen next. In this month’s newsletter, we have the insights of technicians from around the world. We are able to feature assessments of markets in the U.S., Canada, and the Philippines. We also have several charts showing the recent activity in India. Hopefully in the future we can provide analysis of markets in other countries. There are now MTA Members in 85 countries. We have no way of knowing where the next global hot spot will be but we can be fairly certain an MTA member will be providing analysis on that market. If you prepare reports on some of the less widely covered markets, or on the more popular markets, please consider them sharing them with the MTA through Technically Speaking. You can email us at editor@mta.org. Michael Carr [post_title] => Technically Speaking, September 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-september-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:19 [post_modified_gmt] => 2020-08-03 15:34:19 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=45792 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 388589 [post_id] => 45792 [meta_key] => newsletter_content_1_contributor [meta_value] => a:2:{i:0;s:5:"20801";i:1;s:5:"43131";} ) [6] => stdClass Object ( [ID] => 46322 [post_author] => 2 [post_date] => 2012-11-15 12:00:35 [post_date_gmt] => 2012-11-15 17:00:35 [post_content] =>

LETTER FROM THE EDITOR

This edition of Technically Speaking consists almost entirely of ideas discussed in Seattle at the recent MTA Regional Seminar. I did not attend the Seminar hoping to find these ideas but all MTA events result in a large number of ideas for me.  The speakers are always thought-provoking and discussions with participants who travel to the events are equally inspiring. In the end, I always find more ideas than I have time to test or write about. Meetings of the MTA have been serving this purpose for years. As the number of members increased, the MTA adopted technology to bring the benefits of meetings to members around the world. Blogs and discussions forums on the MTA web site are offering me an increasing number of trading ideas and increasing networking opportunities. The MTA will certainly keep improving the opportunities for members to interact, but there is no way anyone can improve the quality of the interactions among market professionals that have defined the organization for nearly 40 years. I encourage everyone to take advantage of the opportunity to gain insight, discover new techniques and celebrate with the global technical community at the 2013 MTA Annual Symposium in New York on April 4 &5, 2013. For complete information please visit https://symposium.mta.org. Please send any comments you have about our newsletter to editor@mta.org. Sincerely, Michael Carr [post_title] => Technically Speaking, November 2012 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-2012 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:38 [post_modified_gmt] => 2020-08-03 15:34:38 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=46322 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 396520 [post_id] => 46322 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:5:"20801";} ) [7] => stdClass Object ( [ID] => 48706 [post_author] => 2 [post_date] => 2007-03-15 12:00:09 [post_date_gmt] => 2007-03-15 16:00:09 [post_content] =>

From the Executive’s Desk

The primary objective of any successful Association is to ensure its membership receives value. The MTA is off to an excellent start in 2007 to providing that value. Over the course of the last month, the MTA has provided free seminars to its membership on the following topics: In addition, through a combination of collaborative agreements with trade publishers, additional MTA purchases and ongoing donations from Members, we have considerably added to the depth and current nature of our library material. See some of the new additions in this publication or check in the library section of our MTA.org website. And, of course, we continue to provide local chapter meetings (with an increasing number on our website, our annual Journal and our monthly Newletters. In this publication you will see information from 3 MTA Presidents - Current President Phil Roth, CMT, Former President Ralph Acampora, CMT, and Former President Phil Erlanger, CMT. Finally, we are in the process of planning for the May Annual Education Seminar, which will take place on May 18-19th in NYC. We are planning an Education Track and Advanced Lecture Track, a market forecast panel, etc. with some of the industry’s most notable speakers. Be on the lookout for information regarding this seminar and please join us. I am confident it will be a worthwhile event for all who attend. Sincerely, Tom Silveri MTA Executive Director [post_title] => Technically Speaking, March 2007 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-march-2007 [to_ping] => [pinged] => [post_modified] => 2020-03-26 19:26:49 [post_modified_gmt] => 2020-03-26 23:26:49 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48706 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 443679 [post_id] => 48706 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:5:"20801";} ) )

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