Buff Dormeier, CMT

Buff Dormeier, CMT

Buff Dormeier serves as the Chief Technical Analyst at Kingsview Investment Partners.  Previously, he was a Managing Director of Investments and a Senior PIM Portfolio Manager at the Dormeier Wealth Management Group of Wells Fargo Advisors.

In 2007, Dormeier’s technical research was awarded the prestigious Charles H. Dow Award. Also an award winning author, Buff authored “Investing with Volume Analysis“. Partnering with Financial Times Press, Pearson Publishing and the Wharton School, this book is the only one to win both Technical Analyst’s Book of the Year (2013) and Trader Planet’s top Book Resource (2012) to date.

Buff’s work has also been featured in a variety of national and international publications and technical journals. Now, with Kingsview Investment Management’s affiliation, Buff’s expertise and proprietary work on technical and volume analysis shall become much more accessible to journalists and other media alike.

As a portfolio manager, Buff was featured in “Technical Analysis and Behavior Finance in Fund Management” – an international book comprised of interviews with 21 PM’s across the world who utilize technical analysis as a portfolio driver. In his new role with Kingsview Investment Management, Buff’s unique performance driven strategies will be now be available to a wide audience of financial advisors and institutional clientele.

Buff has a Bachelor’s Degree of Science (B.S.) in Business and a Bachelor of Applied Science (B.A.Sc.) in Urban and Regional Planning from Indiana State University.

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            [post_content] => Hello readers, and welcome to the December issue of Technically Speaking.

We’re now in the last month of the year and before you know it, 2022 will be upon us!

It’s been quite a year for the market, hasn’t it? Don’t get me wrong, a crazy bull market (like 2020) is absolutely great, but lessons are learned when the market is choppy. And choppy it has been! When we chart back in history, it becomes quite clear that Year 2 in a bull market is basically moody at best! That’s pretty much what the market did this year.

We did get to experience several new things, however. Who would’ve thought that a Reddit thread could drive the price of Gamestop shares higher 18-fold!? The power of volume (and latent frustration) is what it comes down to, I guess. Adding to that, we now live in a world where compensation can be issued entirely in Bitcoin and you can buy land on Decentraland! NFTs are now a thing, and with a little more effort, you can make one yourself! Clearly, we live in a market which is vibrant, dynamic and ever changing. In this new age market, the average market participant definitely has a lot of catching up to do with all the new developments. If that’s something that is overwhelming you, then take a deep breath and get down to basics. It does seem like these concepts are here to stay, and it’s never too late to learn something new. Just don’t ignore it - that might turn into regret soon!

The market as we’ve seen has been messy all year round. While one month ago, we saw some breakouts come through, we’re back in range-bound territory when it comes to the US SMIDS (Small and Mid-caps). The large cap indices are going through a correction regardless of the geography you pick up, and risk-on indicators continue to move sideways. What’s also not holding its ground is the US 30-year yield; that has broken below the summer lows of 1.75%. Crude Oil has corrected to levels close to $66, US Dollar Index is trading around $96 and precious metals are still the worst place to park your money.

So, what does all the above mean for the market? A little bit of this, and a little bit of that. We have to be selective and treat each chart by its own merit. The market is messy and doesn’t seem to want to clear the haze out just yet.

Keeping that in mind, this month we have views on the US and Indian Equity market as well as something from the Fixed Income space to help understand the current trends better. Those of you looking to build a system, we haven’t forgotten about you! Dig in and you’ll find something interesting. There’s always something for everyone, like a buffet!

Wishing everyone a delightful December, Merry Christmas and a Happy New Year!

I’ll see you on the other side of the year. Until then, Think Technical!

Rashmi Bhatnagar, CMT

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In 1994, the MTA recognized Don Worden’s achievements with the MTA Annual Award. This award recognizes lifelong outstanding contribution to the development and widespread acceptance of technical analysis by institutional practitioners and individual investors. Don Worden truly did spend his lifetime making technical analysis accessible to institutions and individuals. Sadly, Don passed away on May 31, 2014 at the age of 82. He was born before technical analysis was a formal field of study. His work from the 1950’s has led to a number of advances in technical analysis. He was a pioneer in the analysis of volume and his thoughts on how to interpret volume evolved as the markets changed. That might be Don’s greatest contribution to technical analysis – his ability to think about the markets as they are and to change his approach when the markets changed. Too many analysts impose rigid beliefs on the market and apply indicators with strict rules, ignoring changes in the market environment and risking losses as those changes render indicators less effective. In “Tape Reading in the Sleepy Fifties” we have Don’s own words to tell us how and why his thinking changed over a 40-year period. When an indicator stopped working, he explains, he sought to understand why and then built on his previous work.  In honor of Don’s contributions, we are also featuring the work of another pioneer in volume analysis, Buff Dormeier, CMT. Buff has quantified a unique approach to volume analysis and his work deserves a place next to Don Worden’s. In future issues, we hope to continue demonstrating how thought leaders in technical analysis think about their work. If you would like more details on a particular technician’s work, please send your suggestions to Sincerely, Michael Carr [post_title] => Technically Speaking, July 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-july-2014 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:31:25 [post_modified_gmt] => 2020-08-03 15:31:25 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 372871 [post_id] => 44846 [meta_key] => newsletter_content_2_contributor [meta_value] => a:2:{i:0;s:4:"1559";i:1;s:4:"7251";} ) [2] => stdClass Object ( [ID] => 47256 [post_author] => 2 [post_date] => 2011-04-15 12:00:07 [post_date_gmt] => 2011-04-15 16:00:07 [post_content] =>

Letter from the Editor

We’re featuring a couple longer articles this month, which we think fit well in our newsletter. George Rahal takes a detailed look at quantifying potential rewards relative to risk, an important trading consideration. His contribution is well written and understandable to the novice trading system developer while offering new insights to veteran programmers. Andy Ratkai, CFA, recently prepared a report for his clients that brought together several interesting macro insights. In a way, he ties wave analysis into behavioral finance and raises a number of thought-provoking ideas. Buff Dormeier, CMT, continues to share high quality research on methods for applying volume to market analysis. He recently released a book which adds to the Body of Knowledge of Technical Analysis while offering actionable guidance for traders. It’s also that rare book which is interesting and a fun read. Although we never make guarantees in our profession, I am confident that I could guarantee everyone will learn something form this book as Buff combines historical stories with new techniques. Next month, many members will gather at the Annual Symposium in New York. This event is always well-attended and highly educational. It’s also an opportunity to meet other members, and I hope to meet many of you so that I can learn what you expect from your newsletter. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, April 2011 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-april-2011 [to_ping] => [pinged] => [post_modified] => 2020-03-11 17:26:42 [post_modified_gmt] => 2020-03-11 21:26:42 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 411033 [post_id] => 47256 [meta_key] => newsletter_content_2_contributor [meta_value] => a:2:{i:0;s:4:"1559";i:1;s:4:"7251";} ) [3] => stdClass Object ( [ID] => 47315 [post_author] => 2 [post_date] => 2011-01-15 12:00:37 [post_date_gmt] => 2011-01-15 17:00:37 [post_content] =>

Letter from the Editor

As we start a new year, many people take the time to reflect on where they are, and where they have been. Considering the state of our discipline at this time, we can note that technical analysis is widely accepted and well covered in the investment community. Bloomberg terminals dominate the professional landscape and offer news and analysis, but also charts and thousands of variations of charting. For those without access to these terminals, some type of charting software is the dominant application on their desktop. It is very likely that most MTA members and affiliates can’t even remember a time when technical analysis wasn’t widely accepted. More than a decade ago, day trading became popular, and these strategies more often than not involved technical tools. But only a decade before that, in the mid-1980s, technical analysis was limited to a small part of the investment community and FNN, the predecessor to CNBC, devoted only a small part of their programming to the subject. In many ways, we are experiencing the same lack of acceptance in the academic community. While many professors scoff at the tools we use profitably, in some ways it is just a debate rooted in semantics. Technicians focus on practical solutions, and academics focus on statistically valid proofs. The objective is the same but the language is different. In time, technical analysis will break down the barriers faced in academia, just as it gained acceptance among professionals and individual investors. The MTA is leading the way in this push, expanding membership among professionals and students, and taking steps to ensure that the CMT remains the gold standard level of professional certification. Hopefully, this newsletter meets your needs and helps further the goals of the MTA. With the introduction of the continuing education program, professionals can earn credits by contributing to the newsletter. Aspiring professionals, including those still in college, can distinguish themselves in the highly competitive job market by adding writing credits to their resumes. We look forward to serving you in the year ahead, Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, January 2011 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-january-2011 [to_ping] => [pinged] => [post_modified] => 2020-03-11 18:47:21 [post_modified_gmt] => 2020-03-11 22:47:21 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 412353 [post_id] => 47315 [meta_key] => newsletter_content_2_contributor [meta_value] => a:2:{i:0;s:4:"1559";i:1;s:4:"7251";} ) [4] => stdClass Object ( [ID] => 48165 [post_author] => 2 [post_date] => 2008-12-15 12:00:35 [post_date_gmt] => 2008-12-15 17:00:35 [post_content] =>

Letter from the Editor

The content in this month’s newsletter is similar to what you’ve come to expect from us. We present very brief summaries of technical perspectives offered by expert technicians Ken Tower, Ken Winans, and Jeff Lay at a recent Trader’s Expo. A link to a video of the entire panel discussion is available on your member  homepage. Other articles include a couple book reviews and the Nominating Committee and Dow Award Committee have also provided important information. This issue of Technically Speaking represents the end of an era, and the beginning of a new one. It is the last one which will be delivered as a hard copy. Beginning in January 2009, we will be using electronic delivery to serve you better.  Initially we will be delivering the same information in a different format. Once a month, we will email a newsletter similar to the other electronic newsletters many of you now receive.  Links to each article will take you to the full text, and there will be an option to print anything you’d like to study in more detail. As soon as we can, we will add more timely updates. Interim emails will deliver short-term analysis. We will also be able to expand the quantity of material we deliver, including more reviews of books, software, and the latest products supporting technical analysts. We are excited about the changes that will come over the next few months. The quality of Technically Speaking will increase, and the value to you, the members, will be enhanced. Please feel free to offer any feedback to us as we craft your new newsletter. Email me at with any ideas, requests, or articles you’d like to have published. Sincerely, Mike Carr, CMT Editor [post_title] => Technically Speaking, December 2008 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-december-2008 [to_ping] => [pinged] => [post_modified] => 2020-03-23 13:46:43 [post_modified_gmt] => 2020-03-23 17:46:43 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 428816 [post_id] => 48165 [meta_key] => newsletter_content_3_contributor [meta_value] => a:1:{i:0;s:4:"1559";} ) [5] => stdClass Object ( [ID] => 48627 [post_author] => 2 [post_date] => 2007-08-15 12:00:38 [post_date_gmt] => 2007-08-15 16:00:38 [post_content] => * Due to time sensitive submissions there will not be a letter from the Executive Director or Editor this month. * [post_title] => Technically Speaking, August 2007 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-august-2007 [to_ping] => [pinged] => [post_modified] => 2020-03-26 12:15:09 [post_modified_gmt] => 2020-03-26 16:15:09 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 442358 [post_id] => 48627 [meta_key] => newsletter_content_3_contributor [meta_value] => a:3:{i:0;s:4:"1559";i:1;s:4:"1890";i:2;s:4:"2105";} ) )