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Joel Pannikot

Joel Pannikot

Joel Pannikot (pronounced Punny-Quote) is Head, Asia-Pacific at CMT Association. Through industry partnerships,  educational programming, and brand positioning, Joel is working to advance the discipline of technical analysis. He works with volunteers across Asia to support the growing community of CMT Association members and candidates to deliver a rewarding engagement experience.

Joel has spent over 20 years across various sectors of the education-technology industry including commercial education, corporate training, K-12, and continuing professional education. He has led 3 ed-tech startups in this time.

Currently, as the APAC Head of CMT Association and Founder of Peak You, his work uncovers learning synergies between the Industry, Academia and the Non-Profit sector.

Prior to these roles, Joel was CEO of Zaya Learning Labs, an education technology social enterprise that solved affordable access of digital learning. He also restructured the Teach A Class Foundation (TAC), a section 8 non-profit, into India’s first crowdfunding platform for school teachers.

From 2010 to 2017, Joel managed the Asia-Pacific education strategy for Bloomberg L.P., the world’s largest decision support platform for governments and corporations. He supported leading educational institutions in benefiting from their relationship with Bloomberg.

Before Bloomberg, Joel was an entrepreneur, training global corporations in performance, sales and communication. He collaborated with business schools for workshops on corporate life skills and financial markets and also conducted pre-placement clinics.

Since 2001, his career has spanned education, pharma business development and international fixed income derivatives trading.

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            [post_content] => The only hope from May was that it gives us some direction. Well, we can say this was partially fulfilled!  

When you think about it, the market is quite a dramatic character. It strikes when least expected, it sleeps when most anticipated, and does plain and simple nothing when everything is predicted. True to its dramatic reputation, the market came through with a breakout over the last two days of the month. While we got this confirmation on the domestic front, we’re still looking for some signals on the global front.  

A sideways market can be quite frustrating. It's a difficult environment to trade in and it's easy to throw in the towel. But look a little closer and you’ll realize there are more lessons here than in a secular bull/bear market!  

What have I learned in my time following the market? Among many lessons, here is my favourite:  

Patience is a virtue, but complacence is a vice!   

Take for instance all the risk-on metrics that have been rallying since last year. It was easy because defensive segments like the DXY, Bonds, and Gold just didn’t present an opportunity to load up on them! What did we see over the past two months though? The defensives stopped making lower highs and lower lows. There are now higher lows on some key combinations. What does that tell us? It tells us that there is more to stock picking now than there has been for months now!   

Now is the time when the analysts who truly follow their signals and strategies will get through the storm! Buying Copper and staying put will not help if Gold is outperforming Copper. Buying the Auto sector and relaxing will not yield better results if Energy is outperforming Auto. Not setting risk management levels in tandem with the volatility of cryptocurrencies will most certainly not help your portfolio value. These are trends that will play out as and when a market matures and progresses. And it is more important to be aware of these developments if you’d like to stay ahead of the curve.  

In this month’s issue, we bring to you write-ups on novel methods of Index target calculations, Hurst’s Time cycles, RSI generated long-term buy signals and sector-specific analysis. We also have a special contribution from one of our international members, analyzing Bitcoin.   

So, what should we ask of June, then?   

How about 22 days of trading? Seems quite reasonable, don’t you think?   

Now for some news. This will be final edition of Technical Insights. We’ve had 10 glorious months of technical studies and brilliant insights (it's in the name, I had to do this!). I hope that in some way or the other, we have been able to help you gain a new perspective or understanding of the market. To say that it was an honour being the Editor of this Newsletter is an understatement! I didn’t know what I was getting into, but it was a beautiful journey of finding my voice and my way. I have had the opportunity to interact with the best Technicians and learn from them. I have gained the experience of managing a Monthly Newsletter, a dream I had when I was a media student. There have been several learnings and successes along the way, and it has been possible only because of you, our dear readers! Thank you for your feedback and encouragement, it is what made us pump out content every month!  

Travel hasn’t resumed yet, but our Newsletter can certainly go places. Well, we're going international! Technical Insights will be merged with Technically Speaking to form one global entityWe're working on the transition as you’re reading this. So, in technical terms, we’re consolidating at all-time highs, and the indicators suggest that there’s another breakout coming!  

We will meet again, soon enough. But until then, Think Technical!   

Rashmi Shastry, CMT 

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            [post_content] => Welcome readers, to another edition of Technical Insights! 

It’s been a difficult couple of months as we deal with the second wave of a virus that has taken over a better part of our lives for more than a year now. I sincerely hope that you and your families are safe and healthy. 
 

The market too has reflected a similar rollover in sentiment, which naturally continues to play out even now. It’s amazing how the market acts as a living, breathing organism that ebbs and flows with the emotion of its main constituent- the people. 
 

While we continue to observe long-term base breakouts in indices across the globe, we’re also witnessing a slow-down in momentum in a few. But what does that mean for market participants? Well, for starters, one would have to be fastidious in their selection process. To get a slice of this pie, one would have to pay greater attention to detail, focus on sector rotation and plan their portfolios accordingly. We’re not in the 2020 market rally where stock selection was relatively much easier! But then again, as technical analysts I think we’re built to handle such market moves. 
 

But what does it mean to be a technical analyst? This is my take on it. 
 

As a technical analyst, one is expected to observe price data and the trends that have formed in the past, to gauge the possible future outcomes. Does that mean that a particular view is set in stone? Certainly not. Can the analyst be wrong in their analysis? Most definitely. Does that mean one should give up when they’re wrong? Not at all! The beauty of this subject is that you can be on both sides, but you will always be protected by a risk management strategy (that is, if you are vigilant).  

In my opinion technical analysts have what it takes to excel in any market conditions. At the core of this belief is that for every given trade, all the levels are in place. Entry as well as Exit (be that a target or a stop loss).  

 

So, what’s the caveat? Patience. Years of learning and experience lead to sharp analysis and execution. As a field, it demands your complete attention and takes you on a roller coaster ride before you’re ready for the next one!  

 

To all those who are finding their way, give it time and a lot of introspection. Eventually you will reach a point where failed moves won’t deter you and successful moves won’t blur you. That’s the goal!  

Since the market has been messy for the most part, this month we have a write-up each about the outlook in Equities, Gold and INR. In addition to this we have a blog on stock specific pattern identification as well.  

P.S - The Americas Summit 2021 concluded recently and I had the rare honour of appearing as a speaker. It was truly an enriching experience and if you haven’t already, I’d definitely encourage you to check out the videos on the Digital Guide. There’s decades of information in those few hours of content that is certainly worth your time! 
 

Until we meet againThink Technical!  

Rashmi Shastry, CMT

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            [post_content] => Head & Shoulders, Cup & Handle, Hanging man, Shooting Star, Island Reversal, Bullish Belt Hold etc are a few of the very many perfect examples of ‘how to make a subject interesting’. In a field that’s considered more complicated than rocket science (not my view), you’ve got to give it to the learned people to truly make this subject quite fascinating. They certainly managed to pique my interest, and I’m sure I’m not alone!

Any activity that results directly into the money reserve moving higher or lower involves stress. But there’s a combat for that in the form of risk management, which Is Technical Analysis’ biggest strength.  It’s the one thing that acts as a life boat in troubled waters.

Market participants over the past couple of months have been dealing with a market that has been moving in a trading range. Now this is where things become interesting. As a trader one must decide for themselves (depending on past experience of course) as to whether or not this is their playing field. There are certain people who excel at range-bound trading and others who look for swing moves. While these are learnings that we identify only after spending a considerable amount of time in the market, these learning can be elusive if not approached with the attention that they demand. When life is a mess, it makes sense to sit back, observe, plan and then execute. Similarly, when the market is in a mess, it is important to sit back and observe until you feel like joining the party again.

The beauty of this field is that you will learn things about your temperament, psyche, approach and reactions much faster than in any other field because these are what make up your arsenal. There is a common idea which involves wanting to defeat the market. But that is not the point of investments and trading. The point is to move with the market. Once it becomes a game of winning or losing, you are putting yourself in a place of superiority or inferiority. The market is not fond of one of these positions, and we all know which one! Take the phrase ‘The trend is your friend’ more seriously and life will be more peaceful!

This month we bring to you book reviews, breadth analysis, price analysis and the classic practice of ‘when in doubt, zoom out!’.

Until we meet again, Think Technically!

Rashmi Shastry, CMT

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            [post_content] => Welcome readers to another edition of Technical Insights! 

What an exciting time to be in the market right now. If you are appearing for the CMT examination, or are studying to be a technical analyst, this is as best a time as ever to watch concepts move seamlessly from books to the charts. 

We're hearing a lot about the rise in bond yields and the US dollar and the kind of impact it could have on the stock and commodity markets. This is a lesson in asset class correlation with relationships unfolding right in front of your eyes! While a lot of times we get caught up in the bookssyllabus and exams, this is a very good time to look up and notice what’s happening in the market. Also, a good time to go through John Murphy’s Intermarket Analysis, there’s so much wisdom there! 

The market is structured in such a way that it forms one big puzzle when everything is put together. There are correlations- positive and negative, there are contra-trades/concepts, there’s plain and simple price analysis as well as intricate Elliott wave pattern analysis. Its one large buffet that’s open to everyone. You pick the items that you think work for you and your palate (here-analysis style) and go about enjoying your meal. But always make sure that those items are selected after going through the entire spread! You don’t want to miss out on a scrumptious dish just because you stocked up on too much of another dish.  

One thing to keep in mind is to always go by the weight of the evidence. Today we’re looking at yields and US Dollar, tomorrow we could look at commodities for another signal. As a technical analyst, it is important to make decisions by weighing the evidence and then making a decision. There is no single magical indicator out there so the sooner you quit hunting for it, the better. No one piece of the puzzle is more important or superior than the other. It will be a struggle in the beginning to make a structure that suits your personal requirements. But keep at it, and let the charts talk to you. Don’t tell the charts what to do, they never listen!! 

Rashmi Shastry, CMT

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            [post_content] => Hello Readers!

What a great beginning we’ve had to 2021! The stock market has become the most popular kid in class, and the events that unfolded over the last month have done more than enough to draw extra attention and eyeballs to our star performer.

It’s a fascinating world where although similar patterns repeat or rhyme across different time frames, there are certain events that manage to throw a surprise party for all the participants and bystanders. Regardless of your relationship with the market, you now probably have a decent idea about what a “short squeeze” is and what GME, AMC and BB stand for; or at least know why they've been in the news.

The beauty of being a part of this field is that while human nature means that predictable patterns can be tracked during different phases of a market cycle, the unpredictability of an independent thinking brain has the power to challenge established ideas and perceptions. These challenges offer valuable golden lessons if you’re one who looks to learn from just about anything and everything that unravels/unfolds around you. While I have my list of lessons that I’ve learnt from such events, I’d like to hear what your biggest takeaways were.

We’ve all heard the phrase “Survival of the Fittest” and the market is a living embodiment of this saying since market participants revise this concept over and over again across different time frames. If the market was an Immigration Officer and you were going to the US (participating in the market), you will not be left alone unless you answer the most important question: What is the purpose of your visit? Once you figure out what the answer to this question is, your relationship with the market becomes amicable. It becomes easier to gauge the sentiment and direction of a given move when the purpose is clear.

This edition presents a couple of perceptions about the US Dollar outlook, an informative round-up of Nifty50, a short introduction to understanding Relative Strength Charts and a very important lesson on how the Markets Discount Everything!

If you have any questions or anything in particular you’d like to read about in the upcoming editions, do reach out to us.

 

Until next time, think Technically!

 

Rashmi Shastry, CMT
Editor
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            [post_content] => Hello Readers and welcome to a brand-new Issue of Technical Insights in a brand-new year!

 

As 2021 begins, renewed hopes and aspirations engulf the world that slowly moves towards normalcy after it was exposed to the systematic risk of an unprecedented kind. So what is it that is giving people hope?

Is it the phenomenal Bull market rally that has been witnessed? Is it the news of vaccination hitting the shelves? Or is it just the change from '0' to '1' in the digits of the year? Whatever it may be, hope is a powerful catalyst. It compels us to believe and work towards a better tomorrow irrespective of what the present scenario is.

As an analyst, I hope that I never take the market for granted. I hope to remain humble in my approach towards my charts and listen to what they have to say. I hope to understand the emotions that govern the chart and hence the price.

As the market continues its gravity-defying move, varied perspectives and valuable insights have been collated to analyse this meteoric rise. Gautam Shah has highlighted how one could read indicators at current levels and how the approach must be tweaked according to market conditions. Kush Ghodasara has used simple concepts of Technical Analysis to arrive at long-term investment ideas. Wishing you a joyful and profitable New Year.

 

Until next time, think Technical!
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            [post_content] => Hello readers!  

We are now in the 12th and final month of a year that has been a roller coaster ride throughoutGlobal indices are now clocking all-time highs after correcting by almost 50% in the beginning of the year. There were those who made money, those who lost money and those who learnt a lot from the markets this year regardless of the monetary gain/loss. And that needs to be our prime focus. As long as the learning is in place, you’ve gained in this market.  

Everything is Relative Strength is everything 

When I was studying for my CMT Level III exam, I came across this chapter by Julius de Kempenaer. I read the title over and over again. I was amazed by that statement and the validity that it holds universally. What we see, believe and feel is all relative. For the most part, we don’t deal with absolute perceptions or ideas. Everything is in relative terms based on the variables we’ve been exposed to in the past. Just as we choose a particular asset class based on its relative strength among other asset classes, we make choices in life based on the relative strength of those decisions over others. Similarly, there are numerous concepts that could be picked up from the market and incorporated in our lives because at the core of these concepts are basic human emotions and reactions.  

Market participants (like myself) who witnessed extreme moves in global indices across the globe this year for the first time, have been exposed to important lessons early in their career. While this year has been difficult for many reasons, it has taught us innumerable lessons in a short span of time. For me, this year has reiterated the importance of basic concepts and understanding which often get clouded by over analysis and over thinking. As an analyst sometimes one’s judgement gets clouded by expectation rather than by reaction. We are not here to dictate or predict patterns and scenarios. We are here to react to the price to the best of our risk management abilities and move with the trend.  

To all the aspirants appearing for their exams this December, make sure your basic foundations are strong, because in turbulent times like the March 2020 crash, the very same basics can bail you out.   

Until next time, Think Technical!  

Rashmi Shastry, CMT
Editor, Technical Insights
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            [post_content] => Well, it is finally over! Or is it?

What is “it” anyway? It could be the pandemic, as on November 9 we got some excellent news on the vaccine front. Or it could be the election, which looks like a blue win but with a lot of legal challenges on the docket. Or maybe it was the end of ridiculously low T-bond rates? No, I don’t include any Fed changes in that one. Twitter? Zoom?

I’d go with all of the above, which was actually no answer.

So it goes as Halloween morphs into Thanksgiving. One thing is for sure: everyone cannot wait until 2021. Keep your extra hour of sleep as the clocks were changed back.

Fortunately, there is always something good happening in your Association. From a wildly successful India Summit to the upcoming Charles H. Dow Award competition to the next round of CMT exams, the CMT never sleeps. Our CMT Program enrollment numbers, including the cohort of candidates that had to postpone their exam in June, are up dramatically.

In this month’s edition of Technically Speaking, we have some good stuff, too. Our feature article is by Michaael Gayed, CFA, a two-time winner of the Dow Award, on market returns given the current level of the VIX. The result is actually against what we might think and that is what makes it valuable.

Ian McMillan, CMT is our member interview, the old faithful Minneapolis chapter is back with a speaker review, and we’ve got an announcement of the Reuters Investment Summit, for which the CMT Association is a sponsor.

Joel Pannikot gives us a taste of what to expect for the 2021 CMT Symposium, using the India Virtual Summit model to explain what the staff is changing about the Symposium and what's staying the same.

And if you have been procrastinating, this is the last call to submit your paper for the next Dow Award with details inside. There is another entry from the photo archive and news from around the Association.

Enjoy! Just keep your pumpkin spice to yourself.

- Michael Kahn, Editor
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            [post_content] => Hello Readers!  

Wishing all of you a prosperous and healthy Diwali in advance. May this festival light up your lives, both personally and professionally! 

The recently concluded CMT 2020 India Virtual Summit was a great successWorld class speakers graced us with their virtual presenceand I can confidently say that there are decades of learnings in the recordings of these sessions that any analyst would benefit from immensely! A big thank you to all the Speakers and participants for making this Summit a memorable one. For all those who missed it, we have compiled some session descriptions and have dedicated this edition of the Newsletter to the Summit. There’s GOLD in these sessions, so do make sure that you go through them before the online video recordings expire on November 16, 2020!   

If you had already registered for the Summit, log back in to your digital event guide to access the recordings. If you hadn't registered for the Summit, you can register to view the recordings here https://cmtassociation.org/events/2020-india-regional-summit/

As a market participant, there are certain concepts that you learn through personal, rigorous study and certain concepts that you learn by simply being a part of the system. I recently came across interesting analogies in Sanskrit and found it quite relevant to us. 

Markata Kishor Nyayam: (Baby monkey principle/law) 

You must’ve noticed that the mother monkey moves swiftly from one branch to another while the baby monkey hangs on with a tight grip so as to not fall. Here, the baby focuses on the grip, while the mother focuses on movement alone.  

Marjaala Kishor Nyayam: (Baby cat principle/law) 

A mother cat carries its kitten in its mouth to move them to safety or to a different location. Here, the onus lies on the mother to make sure that she doesn’t drop or hurt the kitten while holding on to it with a delicate balance of grip and care. The kitten surrenders itself to the mother. 

As traders and analysts we spend countless hours understanding various aspects of the market by holding on to it with a tight grip, as it swings from bull cycles to bear cycles, just like a baby monkey holds on to its mother. There are also times when we understand concepts by being part of the market where the market guides us and helps us, just like a mother cat doesOne cannot always be as tenacious as a baby monkey or as laid back as a kitten. It is a combination of these two approaches that leads to a fulfilling understanding of a subject. 

In order to improve our trade, it is imperative to revisit the involuntary errors we make and work towards overcoming them together: 
  1. I will refrain from saying “I told you so” (this one is particularly difficult in our field) 
  2. I will not compare my Chapter 8 to someone else’s Chapter 20  
  3. I will not blame the market for my errors (this is just convenient. Why would the market single you out?)  
  4. will exit the trade once it has triggered my stop loss; not average it (aren’t all of us guilty of this at some point?) 
  5. I will identify patterns on charts without forcing them (if I just tweak the lines a little, I can make it look like a triangle…maybe) 
  6. I will focus on being unbiased (My way or the highway really doesn’t work here) 
These are some of my New Year resolutions. I figured I might as well get an early start. You are free to borrow and build on them!    Until the next time,   Rashmi Shastry, CMT [post_title] => Technical Insights - November 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technical-insights-november-2020 [to_ping] => [pinged] => [post_modified] => 2020-11-09 15:53:34 [post_modified_gmt] => 2020-11-09 20:53:34 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technical_insights&p=53436 [menu_order] => 0 [post_type] => technical_insights [post_mime_type] => [comment_count] => 0 [meta_id] => 570896 [post_id] => 53436 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:5:"36767";} ) [9] => stdClass Object ( [ID] => 53096 [post_author] => 3815607 [post_date] => 2020-10-02 16:40:05 [post_date_gmt] => 2020-10-02 20:40:05 [post_content] =>
Welcome, Readers, to the second edition of Technical Insights, for October 2020.
Change is Constant.
This statement is a fun oxymoron but change is not easy to keep up with. Humans have evolved exponentially since the beginning of time and this can be attributed to one very important factor-Adaptability. Since change is constant, only those who adapt, will survive. Consider this, if the stock market is a whole world of its own, all the stocks are like people in it. Stocks react much like the people around us. Some are stable, some are temperamental, some are active, and some are passive, and so on. Stocks have different personalities because they reflect their traders’ traits. Treat them as your friends and recognize their traits in order to comprehend their trends.
Understanding this universe leads to effective analysis.  Market participants take some time to build their systems and strategies in order to be on the right side of the market more often than not. Most people learn through trial and error over a considerable period. While experience is a very important aspect in the market, one cannot wait for things to happen to experience all kinds of scenarios. For that matter, one wouldn’t hope for a market to crash, just to learn how to react to it better! Therefore, it is a smart move to learn from those who have been a part of the market for longer and have spent more time honing their own skills. Just like books, human beings themselves are a source of immense knowledge!
The pandemic took over our lives for a better part of the year. It has given us time to pause and reflect on our actions and goals. These trying times are opportunities to enhance our existing skill set. A new normal is waiting for us at the horizon, and we must be prepared for it. In keeping with the idea of learning from experiences of others, the CMT Association is hosting the second edition of the Annual (now Virtual) Summit on 10 and 11 of October. Speakers from across the globe will share their views, strategies, tips and tricks, to help you befriend stocks quickly.
I have had the good fortune of listening to sessions by some of these speakers before, and I guarantee you, you are in for a treat! Various styles of trading and analysis will be showcased by individuals currently placed at the helm of their organizations: tactfully maneuvering in times of distress and sharing their ideas with other enthusiasts. This is a Technical Analyst’s Annual Extravaganza and must not be missed! What’s more, we have the Bull of Dalal Street, Rakesh Jhunjhunwala joining us as well! Hope to see you guys online at the Summit, until then, do take care of yourselves and think Technical!
Regards,
Rashmi Shastry, CMT  
Editor
[post_title] => Technical Insights, October 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technical-insights-october-2020 [to_ping] => [pinged] => [post_modified] => 2021-04-07 10:48:01 [post_modified_gmt] => 2021-04-07 14:48:01 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technical_insights&p=53096 [menu_order] => 0 [post_type] => technical_insights [post_mime_type] => [comment_count] => 0 [meta_id] => 562461 [post_id] => 53096 [meta_key] => newsletter_content_1_contributor [meta_value] => a:1:{i:0;s:5:"36767";} ) [10] => stdClass Object ( [ID] => 52759 [post_author] => 3815607 [post_date] => 2020-09-02 17:05:21 [post_date_gmt] => 2020-09-02 21:05:21 [post_content] => Hello readers! Welcome to the first edition of the CMT India Newsletter – Technical Insights. Necessity is the mother of invention. Introspection is the mother of reinvention. So we reinvented our approach towards Life, as we knew it. What was once a scene out of a sci-fi movie, now became our reality; as countries across the globe went into lockdown to limit the impact of Covid-19. Cut to two quarters later, and survival is the only mantra. In the spirit of survival, we decided to regroup and provide market participants with high quality insights to help them navigate the risks inherent to markets these days. We were sitting on a gold mine of technical analysis talent and we resolved to make the most of our resources. The market has taken us on a roller-coaster ride over the past six months and the need for quality analysis is more telling than ever before. To help participants understand how various aspects of their markets are interlinked, we called upon our experienced charter holders to share perspectives that could help you in treading unexplored vistas. The idea is not only to introduce readers to the body of knowledge of Technical Analysis, but to also familiarize them with its heartbeat. Informed market participants know how to make their money work for them. Whether we are ‘working from home’ or ‘staying at work’, here’s a newsletter focused on technical analysis that will give you insights on application of concepts, and strategies. When big families have a meal, a buffet makes more sense than à la carte. So, when the CMT family came together we decided to present a buffet of information - something for everyone. The sections that will form a part of the newsletter are: If there is any other topic that you wish to see here, contact us and we will do our best to incorporate your suggestions. This is the beginning of an exciting new journey and we are overjoyed to share this with you! To all the volunteers, members, charter holders, the CMT Head Office in New York, and the leader of the pack – the India Office Head, Joel Pannikot: Thank you for making this dream a reality. Rashmi Shastry, CMT Editor   Disclaimer: This newsletter is for information purposes only. None of the content here is to be construed as investment advice or recommendations. The views and opinions expressed by each author is their own. [post_title] => Technical Insights, September 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technical-insights-september-2020 [to_ping] => [pinged] => [post_modified] => 2020-09-08 13:28:42 [post_modified_gmt] => 2020-09-08 17:28:42 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technical_insights&p=52759 [menu_order] => 0 [post_type] => technical_insights [post_mime_type] => [comment_count] => 0 [meta_id] => 554192 [post_id] => 52759 [meta_key] => newsletter_content_1_contributor [meta_value] => a:1:{i:0;s:5:"36767";} ) [11] => stdClass Object ( [ID] => 50871 [post_author] => 2 [post_date] => 2020-07-10 13:53:36 [post_date_gmt] => 2020-07-10 17:53:36 [post_content] => The summer doldrums are upon us but given the slowdown in economic activity, it is hard to tell the difference. The pandemic remains topic one, while politics is creeping higher up the list. How will stocks do if Red wins? Or if Blue wins? Or if the rapper is actually serious? As technical analysts, fortunately we don’t have to worry too much about all that. The market will sniff it out for us and it will be our job to read the signals it provides. How have you all been coping with the socially distanced, everybody has cooties, world? We’d like to know so send in a few notes to us here at editor@cmtassociation.com. What are your clients doing differently? What are their views? Are you working from home? How has your business changed? And what can the Association do to help you? Our President, Scott Richter, offers up some resources in his note within. However, due to last minute editing issues, we are without a feature article this month. Perhaps you, dear member, would like to submit something? As long as it is not a sales pitch or a black box, we’d love to read about an analysis or technique you use. Have you read a good book on trading or analysis? Why not send in a quick half-page review? What about software? Are you using something that is really helpful or unique? Tell us about it. Otherwise, we’ve got Association news inside here, reviews of the June NY, Northern Ohio and India virtual chapter meetings and our member interview with Robert Peirce. Bob is retired now after a long career but still offers up his excellent long-term analysis to various chat rooms. We also have an exciting update on some new additions to our Academic Partner Program. Don’t let the new world order get you down! And don’t let that be an excuse not to participate in your Association. Michael Kahn, CMT Editor [post_title] => Technically Speaking, July 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-july-2020 [to_ping] => [pinged] => [post_modified] => 2021-04-07 16:17:19 [post_modified_gmt] => 2021-04-07 20:17:19 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=50871 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 494302 [post_id] => 50871 [meta_key] => newsletter_content_2_contributor [meta_value] => a:1:{i:0;s:5:"36767";} ) [12] => stdClass Object ( [ID] => 38254 [post_author] => 2 [post_date] => 2019-04-05 17:00:44 [post_date_gmt] => 2019-04-05 21:00:44 [post_content] => Thanks to the constraints of newsletter publishing and the lack of time travel resources available, this edition of Technically Speaking was put to bed before the festivities of the 46th Annual Symposium, earlier this month. While we could not magically forecast what the speakers would say, rest assured we will have plenty of information and reviews in the next edition. If you haven't taken the post-Symposium survey yet, you can do that here. The funny thing about time is that this time is never different. While we usually apply that to analysis and the behavior of crowds, we are still applying it to the news of the day. Brexit was supposed to happen March 29, but it was delayed and still they argue over what it will look like. Trade with China is still up in the air. The Mueller report is finally out, and while we don’t know all the details inside, everyone still clings to their previous views. What else is not different? Headlines! The three-month Treasury yield ticked above the 10-year yield and suddenly the media was in a panic over the curve inversion. Funny, the 2-year is still below the 10-year and that seems more important to me, especially now that the Fed said it’s done raising rates for now. All of that hides the fact that the domestic stock market continued to claw its way back towards last year's highs. That’s pretty good for a geriatric bull market, yes? If you want to argue whether the bull started in 2008 or 2015 or some resistance breakout, be my guest. We don’t get paid to label things, only to make money. Vincent Randazzo, CMT, from Lowry’s returns with another article and one indication why the current rally is not done yet. And on a more mundane, although really important, topic, George Schade, CMT, introduced us to publishing and copyright specialists Joyce and Daniel Miller. The Millers offer part one in a series of articles walking us through the details of staying on the right side of the law. Whether you write books, newsletters or just post to your blog, this is important stuff to know. I’ve found another of my vintage articles, explaining how to be a good interviewee on financial TV. This is a loose part 2 to last month’s article talking about dealing with the media. If you want to get invited back for another round of talks, you need to know this stuff. And this month’s member interview is with Richard Dickson, also from Lowry’s. One more in a long, long, long list of professionals who started with the analysis herd and then saw the light that is technical analysis. We also have a brief recap of those who received Association honors at the Symposium. They are listed within. And finally, we'll top this edition off with the usual news about the goings on around the Association. [post_title] => Technically Speaking, April 2019 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-april-2019 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:15:17 [post_modified_gmt] => 2020-08-03 15:15:17 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=38254 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 273715 [post_id] => 38254 [meta_key] => newsletter_content_6_contributor [meta_value] => a:1:{i:0;s:5:"36767";} ) )

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