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Dave Landry

Dave Landry

Dave Landry has been have been actively trading the markets since the early 90s. In 1995 he founded Sentive Trading, LLC, a trading and consulting firm. He is author of Dave Landry on Swing Trading (2000), Dave Landry’s 10 Best Swing Trading Patterns & Strategies (2003), and The Layman’s Guide to Trading Stocks (2010). He has made several television appearances, has written articles for several publications including Technical Analysis of Stocks & Commodities, Active Trader, and Traders Journal-Singapore. He has spoken at trading conferences both nationally and internationally. He holds a Bachelor of Science in Computer Science and has an MBA. He was registered Commodity Trading Advisor (CTA) from 1995 to 2009. He is a member of the American Association of Professional Technical Analysts.

These questions and answers have been compiled by Amber Hestla, an independent market researcher. If you’d like to participate in a future interview, please contact her at hestlaresearch@gmail.com

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LETTER FROM THE EDITOR

Our Ethics Corner feature has generated some feedback, and this month we are revisiting the first case study we presented. As expected, there is room for differences of opinion on ethics questions. In part, the growth of international membership in the MTA should guarantee some discussion on ethics. Laws differ among countries and cultural differences are greater than many assume. Perhaps the only undeniable truth in ethics is that people are not all alike. Different people hold different opinions, which is the underlying reason we have a market to trade. While cultural differences must be considered in any situation, the Standards defined in the MTA Code of Ethics are mandatory for all members and affiliates. While there may be a less strict requirement defined in local laws at times, the Code of Ethics requires that the stricter rules of the Code must be the guide. Obviously if the law is stricter than the Code of Ethics, the Code does not offer an excuse for breaking the law. We look forward to continuing discussions on ethics. It is important to our profession to hear as many opinions as possible. By understanding why some scenarios present “grey zones” we can make professional ethics stronger. Please send any comments to editor@mta.org. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, November 2011 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-2011 [to_ping] => [pinged] => [post_modified] => 2020-03-25 13:23:13 [post_modified_gmt] => 2020-03-25 17:23:13 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=47060 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 406442 [post_id] => 47060 [meta_key] => newsletter_content_6_contributor [meta_value] => a:2:{i:0;s:5:"47086";i:1;s:5:"43131";} ) [1] => stdClass Object ( [ID] => 52114 [post_author] => 2 [post_date] => 2006-02-15 12:00:41 [post_date_gmt] => 2006-02-15 17:00:41 [post_content] =>

From the Editor’s Desk

First of all, I’m very pleased to report that we are starting to see a little more participation from our Membership, in terms of contributions to your Newsletter, Technically Speaking. However, we still have a long way to go. Ironically, the portion of our Membership that has shown the most interest in contributing to TS has been our ever-growing overseas contingent. For example, in this month’s issue, we have an interesting analysis of the Sensex, the Indian stock market index, by Mohan Turaga, who is actually a Contributing Editor from India. Equally ironic is that, sadly, most of our Regions here in the States have not responded to our repeated requests for a brief article now and then, just to recap their monthly meetings and generally keep the rest of the Association abreast of what they are doing in their particular area of the country. We have even gone so far as to offer to provide digital cameras to any region that would agree to send us a monthly meeting recap now and then and a couple of pictures. The offer still stands, and I continue to hope the Regions will eventually come around and get more involved. Moving on to this month’s issue, we lead off with an article on Bow Ties by Dave Landry. This is not about outdated clothing from the 1940s, but rather a relatively new analytical technique (at least to me) that has received some attention recently on the Market List email forum, hosted by our own John Bollinger. Inside, we have an interesting article by Mark Thomas on how the first peers to report during earnings season have a tendency to indicate how the rest of the group will react. In addition, we have included some much-needed and long-overdue levity from MTA Member and CFA Sam Levine entitled “Financial Words You Won’t Hear On TV”. Finally, since I’m the editor, allow me to editorialize for a moment. During the past several years, your MTA Board (of which I am a member) made a series of changes to the infrastructure of the Association. These changes, based on feedback from you, were designed to improve and professionalize the MTA. Our objective was to bring more professional recognition and respect to Market Technicians, with the ultimate goal of creating more jobs and business opportunities for our Membership. As a result, we made a lot of decisions that, at least to some, were very unpopular. Some harsh words were spoken, and a lot of misinformation was circulated. But now, a few years later, securities regulators have granted a Series 86 exemption to those that have passed the CMT I and II exams, our testing process has been radically professionalized and is now administered by the same firm that administers the NASD exams, educational classes are now being offered to CMT candidates around the world via our new electronic classrooms, the MTA is offering an array of various benefits and discounts to Members that were never before available, we have installed a new internet platform that allows us to service our Membership in ways that were never before possible, and is backed by a company that serves more than 40 million individuals and 750 member-based organizations, and we have installed a new, eager, professional staff that understands our new technology and direction and is capable of making it all work. Objections aside, I think our Association is moving forward, and quickly, in ways that we can all be proud of. I hope you all feel the same. John Kosar, CMT Editor [post_title] => Technically Speaking, February, 2006 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2006 [to_ping] => [pinged] => [post_modified] => 2020-08-05 17:08:02 [post_modified_gmt] => 2020-08-05 21:08:02 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52114 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 536469 [post_id] => 52114 [meta_key] => newsletter_content_2_contributor [meta_value] => a:1:{i:0;s:5:"47086";} ) [2] => stdClass Object ( [ID] => 52283 [post_author] => 2 [post_date] => 2005-10-15 12:00:55 [post_date_gmt] => 2005-10-15 16:00:55 [post_content] =>

From the Editor’s Desk

As I write this, the commentators on financial television are working themselves into a frenzy as the S&P 500 has just declined below its 200-day moving average for the first time since early July. The index’s negotiation of this widely-watched major trend proxy characterizes the indecision in the financial markets right now as the marketplace ponders the economic effects of two hurricanes that recently destroyed the US gulf coast. Our cover article by Thomas Neuhaus discusses this very topic: the market’s historic reaction to natural disasters. It is both timely and interesting.  Inside, Contributing Editor Garry Rissman has provided us with the dialogue and some great photos from the question and answer session of the the MTA’s 2005 Market Forecast Panel held at the American Management Association headquarters on September 12th in New York City. Panelists included Gail Dudack, CMT, Katie Townshend, CMT, Louise Yamada, CMT, and Jeanette Schwartz Young, CFP, CMT. Also inside, Chicago Chapter Chair Ross Leinweber reports on the August 31st regional meeting in Chicago that featured Buff Dormeier, CMT’s discussion of volume as a confirmation tool. Finally, in the last of a three-part series of how-to articles by Dave Landry of Harvest Capital Management, Dave answers some frequently-asked questions about swing trading. One last reminder: Don’t forget to sign up for the MTA’s Second Annual Mid-Winter Retreat to be held on January 20th and 21st at the Four Points Sheraton in Miami Beach. Each session of this retreat will discuss technical analysis from a different professional perspective: that of the trader, the analyst and the portfolio manager. The relaxed format will also allow time for experienced technicians to sit down and share ideas with one another, which is often one of the most valuable and memorable parts of these events. Just being in Miami Beach in January can be pretty memorable, too. Hope you enjoy this month’s issue. John Kosar, CMT Editor [post_title] => Technically Speaking, October, 2005 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2005 [to_ping] => [pinged] => [post_modified] => 2020-08-12 11:35:55 [post_modified_gmt] => 2020-08-12 15:35:55 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52283 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 540271 [post_id] => 52283 [meta_key] => newsletter_content_6_contributor [meta_value] => a:1:{i:0;s:5:"47086";} ) [3] => stdClass Object ( [ID] => 52305 [post_author] => 2 [post_date] => 2005-09-15 12:00:24 [post_date_gmt] => 2005-09-15 16:00:24 [post_content] =>

From the Editor’s Desk

Although September is seasonally a weak month for the stock market, it looks like a pretty strong one for the MTA and Technically Speaking. On the cover, long-time MTA Member and cycles expert Peter Eliades pays tribute to James M. Hurst, who passed away on August 18th at the age of 81. Mr. Hurst is one of the founding fathers of technical analysis. His classic book, “The Profit Magic of Stock Transaction Timing”, was the reason Peter chose technical analysis as his life’s work. Inside, there are some terrific educational articles by Dave Landry on swing trading (Part 2 in a 3-Part series), by Larry Connors on up days in a row versus down days in a row in the stock market, and on inflation-adjusted stock market trends by Dr. Brett Steenbarger. In addition, our Executive Director John Kirby gives us a progress report in the MTA’s transition to our new technology platform, Net Forum by Avectra. Early this year, fellow MTA Board Member Duke Jones and I were personally involved in the process of evaluating our then-current platform, and deciding whether the Association needed to make a change. Although change is always difficult and this situation was no exception, Duke and I determined that it was imperative for the MTA to move to a platform that could accommodate its recent growth, and handle the additional growth expected in the years ahead. Duke and I believe this platform will be the gift that keeps on giving to the MTA in the years to come, and would like to thank John Kirby and his staff for all their hard work during this transition period. Please take a look at the line-up of speakers and agenda for the 18th Annual IFTA Conference in Vancouver in early November, hosted by the Canadian Society of Technical Analysts (CSTA), and the MTA’s 2005 Mid-Winter Retreat in mid-January in Miami Beach. Two great locations, and two great opportunities to learn from and network with other technicians. Check them out. Finally, Technically Speaking would like to welcome four new Contributing Editors; Matt Blackman, Mohan Turaga, Jeannette Young, CMT and Garry Rissman. We look forward to reading articles and reviews by these MTA Members in future issues. The MTA still needs more Associate Editors. If you are interested in getting involved with Technically Speaking, by writing an article, covering a regional meeting, whatever, please contact me at editor@mta.org. All Contributing Editors will be sent a digital camera with all the accessories so we can include more photos in futures issues. We all know technicians like pictures! Hope everyone enjoys this issue. Respectfully, John Kosar, CMT, Editor [post_title] => Technically Speaking, September, 2005 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-september-2005 [to_ping] => [pinged] => [post_modified] => 2020-08-12 13:06:39 [post_modified_gmt] => 2020-08-12 17:06:39 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52305 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 540912 [post_id] => 52305 [meta_key] => newsletter_content_6_contributor [meta_value] => a:1:{i:0;s:5:"47086";} ) [4] => stdClass Object ( [ID] => 52322 [post_author] => 2 [post_date] => 2005-08-15 12:00:49 [post_date_gmt] => 2005-08-15 16:00:49 [post_content] =>

From the Editor’s Desk

I’d like to begin by introducing myself as the new Editor of Technically Speaking. I replace Mike Carr, who is stepping down to make a little more time for himself and his family. I know I have a tough act to follow but, fortunately for me, Mike will continue to contribute to Technically Speaking not only as an Associate Editor, but also as a mentor to me as I assume this new role. Speaking of Associate Editors, we need more of them! If you are looking for a way to get more actively involved in your MTA and like to write, this is a great way to do it. I have been an MTA Member for close to 20 years, and I have to say that THE single best benefit of MTA Membership, at least for me, has been the opportunity to network with other members. Through networking with our Membership, I have been able to find everything from obscure data that no one else had, to a new job. But you can’t network with anyone unless you put yourself out there and let others know who you are. Becoming an Associate Editor is a great way to do just that! Each Associate Editor will be listed as such in every issue of TS, and will also have their picture and bio appear with each published article they contribute. We especially need Associate Editors on a Regional level. If you regularly attend any of the MTA’s Regional monthly meetings and would like to cover the meetings for Technically Speaking, please contact me ASAP at editor@mta.org. I will then send you a digital camera, complete with all the accessories and software, so you can also provide us with some photos of your meeting. Again, this is not only a great way to let the rest of the MTA know what your particular region is doing, but an opportunity to let the rest of the Membership get to know you! Now, let’s move on to the Newsletter itself. On the cover of this month’s issue we present our first Regions Spotlight, which covers MTA member Tom McClellan’s presentation at the July 16th meeting of our Denver Chapter. Inside, you will find information on a variety of MTArelated topics including new improvements in our CMT testing process, plus information on our new and improved technology platform called Net-Forum. We also present Part 1 of a three-part article on Swing Trading by money manager and author Dave Landry. I hope you enjoy it. John Kosar, CMT [post_title] => Technically Speaking, August, 2005 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-august-2005 [to_ping] => [pinged] => [post_modified] => 2020-08-12 13:44:26 [post_modified_gmt] => 2020-08-12 17:44:26 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=52322 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 541628 [post_id] => 52322 [meta_key] => newsletter_content_6_contributor [meta_value] => a:1:{i:0;s:5:"47086";} ) )

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