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Greg Schnell, CMT, MFTA

Greg Schnell, CMT, MFTA

Greg A. Schnell, CMT, MFTA is a Senior Technical Analyst at StockCharts.com, specializing in intermarket and commodities analysis. Greg joined StockCharts in 2012 and has been instrumental in helping launch a variety of new blogs and other commentary platforms. Based in Calgary, Canada he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter.

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don’t Ignore This Chart blogs. His primary technical interest is in the global intermarket relationships between the equities, bonds, currencies and commodities markets.

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            [post_date] => 2019-06-06 13:12:21
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            [post_content] => I know we Americans tend to have a self-centered view of things, but the U.S. market has outperformed most of the world for the past two years. Of course, there are some exceptions, notably in Australia, India and Saudi Arabia. Curiously, Greece and Russia appear to have woken up recently.

Anyway, the point of this build-up is to say that May was one of the worst months in quite some time, only eclipsed by December 2018 in terms of net loss, based on the S&P 500 (October 2018 was about the same as May). The lingering trade battle with China and a threat towards Mexico got plenty of headlines. Too bad stiff resistance at 2935-2950 was not part of all the news that was fit to print.

The yield curve got a lot scarier looking, and as I write this, bill yield is higher than benchmark 10-year yield (and the mythical 20-year yield). But is that an official inversion?  Take out bills and the rest is still upward-sloping. And the economy and markets are backing the Fed into a rate-cutting corner.

And for you stock jockeys, have you noticed a resurgence in grains lately? There’s always a bull market somewhere (not a forecast!).

In the newsletter this month, we continue with the regular features, including part 3 of Joyce and Daniel Miller’s lesson on copyrights. Yes, it can be a dry topic, but if you publish anything - from newsletters to full books - you should at least be aware of this stuff. The authors give you more than most of us will ever need, but I urge everyone to give the material at least a skim.

This month’s member interview is with Greg Schnell of StockCharts.com. His story could be any one of ours. And we’ve got a reprint of Prof. Richard Lehman’s article on investment decision making. A little psychology, a little behavioral finance.

And, of course, the news from around the Association with chapter meeting speaker reviews, CMT updates and even a few job openings.

If you’ve got an analysis technique you’d like to share with the membership, why not put it on cyber paper and send it in. We’d love to publish articles about how members do their jobs.

Michael Kahn, Editor
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            [post_title] => Technically Speaking, January 2017
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            [post_content] => LETTER FROM THE EDITOR

Recently the MTA annual award recipients were announced.

Each of the award winners will be recognized at the Annual Symposium and will be featured in Technically Speaking. This month we provide some brief information on several of the winners and look back at the previous Charles H. Dow Award that Charlie and Michael won. This is their second Dow Award-winning paper and they now join Charlie Kirkpatrick, Jr., CMT, as the only two-time winners.

There are a number of submissions for the Dow Award every year and winning in any year is an accomplishment. Charlie and Michael spend a great deal of time researching new ideas and their efforts can be seen in their papers. I would not be surprised if they are hard at work on new ideas and I would expect them to prepare more papers in the future. They may even win a third Award but I am confident that won’t be an easy task. Papers submitted for the Award always include a variety of unique insights into technical analysis.

Next year’s Dow Award deadline is at the end of the year but that date is rapidly approaching. If you have an idea, now might be the time to start drafting a paper so you have a chance at winning.

We’ll learn more about this year’s winning paper at the Symposium next month. Charlie Kirkpatrick will also be a speaker at the Symposium sharing his recent work with attendees. I know I say it every year but this year’s line-up of speakers is the best yet and I hope to have the chance to meet many of you at the events.

Sincerely,

Michael Carr
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LETTER FROM THE EDITOR

Many publications are dedicating January issues to a look at the year that was or a forecast for the year that is to be. We decided to ignore time and in this issue of Technically Speaking we review timeless techniques. Gaps, for example, have been a part of charts for hundreds of years and will always be visible on charts. This month, we review the Dow Award-winning paper written by Julie R. Dahlquist, PH.D., CMT and Richard J. Bauer, JR., PH.D., that explains how to trade gaps. Relative strength (RS) is also a technique that has worked for decades and is likely to continue providing useful trade signals in the future. John Lewis, CMT, from Dorsey Wright & Associates, expands on how RS can be applied to generate profits. Looking a little bit ahead, Tom Dorsey, co-founder of Dorsey Wright & Associates, will have more insights into successful strategies at the MTA Symposium in March. Bloomberg recently highlighted a useful application of the relative strength index (RSI) in Bloomberg Briefs and a summary of that information is presented here. Andrew Thrasher, CMT, then explains how copper has been replaced by semis in the modern economy as a stock market indicator. While trend lines have been useful in the past and will be useful in the future, Greg Schnell, CMT, demonstrates that they can be applied incorrectly. In an article that does provide a specific forecast for 2015, Mark Ungewitter uses timeless techniques like the Dow/Gold ratio, cycles, market breadth and the Coppock Curve to look at the stock market. Although we try to provide articles that will interest everyone, if we aren’t featuring a topic you find interesting, please let us know what you’d like to see more of by emailing us at editor@mta.org. Sincerely, Michael Carr [post_title] => Technically Speaking, January 2015 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-january-2015 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:30:28 [post_modified_gmt] => 2020-08-03 15:30:28 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=44513 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 366041 [post_id] => 44513 [meta_key] => newsletter_content_4_contributor [meta_value] => a:1:{i:0;s:5:"30488";} ) [4] => stdClass Object ( [ID] => 46428 [post_author] => 2 [post_date] => 2012-08-15 12:00:01 [post_date_gmt] => 2012-08-15 16:00:01 [post_content] =>

LETTER FROM THE EDITOR

We take an extended look at the trading philosophy of Ian Woodward in this month’s issue. Ian has created a complete investment methodology based on the work of William O’Neil, Richard Arms and John Bollinger and the articles we feature offer an example of the thought process required for successful market analysis. The format is different than seen in most issues of this newsletter because it is a mix of figures and explanatory text that develop the ideas logically. Ian came to my attention after John Bollinger, CFA, CMT, mentioned his work. John met with Ian as a result of an MTAEF luncheon fundraiser. John found that Ian’s work inspired him and will result in a new suite of indicators from this market master. Based on that fact, I set out to find Ian and learned he was a second-career technician, devoting his efforts to the market after retiring as an engineer. His story seemed similar to that which the late Art Merrill, CMT, might have shared. Art retired as an engineer and spent the next 34 years (a Fib number I believe) as a technician who advanced the field in many ways. I think Ian may do the same in the second half of his technical analysis career. Please let us know what you think about this issue by emailing us at editor@mta.org Michael Carr [post_title] => Technically Speaking, August 2012 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-august-2012 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:35:04 [post_modified_gmt] => 2020-08-03 15:35:04 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=46428 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 398000 [post_id] => 46428 [meta_key] => newsletter_content_5_contributor [meta_value] => a:1:{i:0;s:5:"30488";} ) )

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