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Jonathan Beck

Jonathan Beck

Jonathan Beck brings over 10 years of buy/sell-side equity research experience to the table at J. Beck investments. He has previously spent more than half of his career working exclusively as a technical analyst on one of the most well respected technical analysis teams on Wall Street. At UBS’ Wealth Management Research Division he was advising Financial Advisors, High Net Worth Clients, Private Clients, as well as institutional accounts across all asset classes. He is now taking his skills directly to The Street to provide timely technical research for traders, brokers, and investors with cutting edge products that include A Technical Guide for Domestic ETF Portfolios, A Technical Guide for Global Equity ETFs, and A Technical Guide for Energy Traders. For more information, please visit www.jbeckinvestments.com.

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LETTER FROM THE EDITOR

We have a variety of articles for you to consider this month. We start with a look back.  Many of us forget that trading software is relatively new and in the first article, one of the pioneers in the development of trading software, Louis Mendelsohn, provides insights into the evolution of software and technical analysis. We are also reprinting some of Lou’s work from the 1990’s which detail problems the financial industry still faces today. We then look at volatility using articles that rely more on the common VIX indicator including the thoughts of three Federal Reserve economists. Other articles provide insights into the state of the markets and work being done by MTA members and chapters around the world. MTA member, Stella Osoba, CMT, published “Women on Wall Street” on Traders Planet. The article provides valuable career advice for both individuals breaking into the field and those in established positions. The article highlights ten valuable career tips for those seeking a job or for those looking to advance within their current position. You can read the whole article at http://go.mta.org/12184 After reading that article, please let us know if you think it would be beneficial to include content similar to that in Technically Speaking. You can always reach us at editor@mta.org. Sincerely, Michael Carr [post_title] => Technically Speaking, October 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2014 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:30:55 [post_modified_gmt] => 2020-08-03 15:30:55 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=44674 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 370277 [post_id] => 44674 [meta_key] => newsletter_content_9_contributor [meta_value] => a:1:{i:0;s:5:"44724";} ) [1] => stdClass Object ( [ID] => 45839 [post_author] => 2 [post_date] => 2013-08-15 12:00:34 [post_date_gmt] => 2013-08-15 16:00:34 [post_content] =>

LETTER FROM THE EDITOR

We are starting this month’s newsletter with an article that challenges the traditional models used to explain market prices. Dr. Ben Hunt argues that just as the heliocentric model of the solar system replaced a geocentric model over time, long-held beliefs about markets need to be reexamined and updated to reflect new knowledge. Fortunately, Dr. Hunt points out that there is a market theory which lays the groundwork for a new understanding of market:

“Technical analysis is, at its heart, behavioral analysis, and as such is prime real estate to build a new investment paradigm that incorporates game theoretic behaviors.”

This is a thought-provoking piece that is followed by a practical example of how the MTA Educational Foundation is working to further this goal. We then have practical examples of how the theory of technical analysis is applied in the real world. I hope you are a part of the theoretical and practical changes that are occurring in the financial community. If you would like to share your thoughts on those changes, please email us at editor@mta.org. Michael Carr [post_title] => Technically Speaking, August 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-august-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:20 [post_modified_gmt] => 2020-08-03 15:34:20 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=45839 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 389594 [post_id] => 45839 [meta_key] => newsletter_content_4_contributor [meta_value] => a:1:{i:0;s:5:"44724";} ) [2] => stdClass Object ( [ID] => 45949 [post_author] => 2 [post_date] => 2013-06-15 12:00:46 [post_date_gmt] => 2013-06-15 16:00:46 [post_content] =>

LETTER FROM THE EDITOR

We focus on the practical in this month’s newsletter. From trading psychology to trading tools and trading strategies, we have tried to provide you with new ideas that you can apply in the slow summer market. Of course, the slow summer market is probably a myth but we all need to find time to explore ideas and tools that might help us become better at what we do. Trading seems to be the point where theory meets practice in technical analysis. Hopefully you will find the techniques and tools we highlight to be useful. Although trading is often associated with short-term analysis, many traders analyze long-term data. In the long-term, stocks can move up or down just as they do in the short-term. SRC Stock Charts offer a long-term perspective on markets and we conclude this issue with a chart of Japan’s Nikkei 225 stock index. The Nikkei ended May with a one-week loss of 15% but is up about 50% in the last year. Shortterm volatility can mask the relentless down trend that defines that market. Over the past 25 years, the Nikkei has lost an average of 2.8% a year. Please email us with suggestions for other long-term charts to highlight the ups and downs of trading for a living. We can be reached at editor@mta.org. Michael Carr [post_title] => Technically Speaking, June 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-june-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:20 [post_modified_gmt] => 2020-08-03 15:34:20 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=45949 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 390993 [post_id] => 45949 [meta_key] => newsletter_content_2_contributor [meta_value] => a:1:{i:0;s:5:"44724";} ) [3] => stdClass Object ( [ID] => 46101 [post_author] => 2 [post_date] => 2013-04-15 12:00:52 [post_date_gmt] => 2013-04-15 16:00:52 [post_content] =>

LETTER FROM THE EDITOR

We open this month’s newsletter with a preview of the Annual Symposium. Larry Williams updates the idea of cycles in this article and presented insights into his latest work when he spoke in New York. Also at the Symposium, Larry’s son, Dr. Jason Williams, offered insights into the minds of winning traders. We will offer summaries of the presentations in future issues and many presentations will be online, ensuring all members can access this information even if their schedule didn’t permit them to travel to the event. We have been celebrating the 40th anniversary of the MTA with a look at its history. No review of the history of technical analysis and the MTA would be complete without a look at the work of Arthur Merrill, CMT. Hewas among the first to publish studies of various market behaviors, like seasonal tendencies in the stock market such as the end-of-month effect. In this issue of Technically Speaking we are reprinting his study of M & W patterns from a 1980 issue of the MTA Journal. Few analysts could duplicate this study today using readily available charting software. Arthur worked with a programmable calcualator, “it was designed for [the] T159 programmable calculator, and had 476 instructions,” and chart paper. Other examples of his work can be found in the Journal archives available on the MTA web site. We also include some analysis of the current market. Keene Little, CMT, combines Gann with Elliott with other techniques in his work. Jonathan Beck takes an equally innovative approach. Both rely on techniques included in the diverse Body of Knowledge of technical analysis. Please let us know what you consider to be the most important topics in the field by emailing us at editor@mta.org. Michael Carr [post_title] => Technically Speaking, April 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-april-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:32 [post_modified_gmt] => 2020-08-03 15:34:32 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=46101 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 393431 [post_id] => 46101 [meta_key] => newsletter_content_3_contributor [meta_value] => a:1:{i:0;s:5:"44724";} ) [4] => stdClass Object ( [ID] => 46191 [post_author] => 2 [post_date] => 2013-02-15 12:00:12 [post_date_gmt] => 2013-02-15 17:00:12 [post_content] =>

LETTER FROM THE EDITOR

In February, the MTA is recognizing Women in Finance and will be featuring webcasts by experts in technical analysis who also happen to be women. We have tried to recognize the contributions some women have made to technical analysis in this issue of Technically Speaking. The MTA has a long history of recognizing the role of women in finance including Bernadette Murphy, CMT, who served as the fifth president of the organization in 1977. We also briefly highlight the work of another past President, Gail Dudack, CMT, in this month’s newsletter along with brief articles about the work of Louise Yamada, CMT and Jeanette Schwarz Young, CFP, CMT. While celebrating the fortieth anniversary of the MTA, it is interesting to note that the MTA has always focused on “attract(ing) and retain(ing) a membership of professionals devoting their efforts to using and expanding the field of technical analysis and sharing their body of knowledge with their fellow members.” Those words in found in the MTA constitution and history shows that women just happen to have been among the leading contributors to the body of knowledge over the years. We would appreciate receiving any comments you have on the newsletter, which can be emailed to editor@mta.org. Sincerely, Michael Carr [post_title] => Technically Speaking, February 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:32 [post_modified_gmt] => 2020-08-03 15:34:32 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=46191 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 395215 [post_id] => 46191 [meta_key] => newsletter_content_5_contributor [meta_value] => a:1:{i:0;s:5:"44724";} ) [5] => stdClass Object ( [ID] => 46230 [post_author] => 2 [post_date] => 2013-01-15 12:00:41 [post_date_gmt] => 2013-01-15 17:00:41 [post_content] =>

LETTER FROM THE EDITOR

This year marks the fortieth anniversary of the founding of the MTA and presents an opportunity to review the work of some of the giants of technical analysis.  Each month, we will feature the work of at least one of the individuals who have had a large impact on the study of technical analysis, starting with an in-depth look at the work of Bernadette Murphy, CMT, who was one of the first to note the importance that options trading would have in market analysis. We have reprinted an article she prepared for the MTA Journal in 1980 that serves as a primer to the options markets and shows an example of the thought process that has allowed her to stay ahead of the markets for almost fifty years. Bernadette was also among the first to understand the importance of professional certification and was instrumental in the development of the CMT program. She also understood the limitations of the CMT and in November 1981 wrote, “The principles, philosophy and measurement tools of the technical analyst make analysis of the stock market viable. The effectiveness of the conclusions depends upon the talent of the user. Medical, legal and accounting disciplines are tested regularly. Many pass the examinations but only a handful becomes outstanding practitioners. The talents of the user make the difference. I believe the same applies in the world of technical analysis.” Interestingly, her niece Mary Ann Bartels has also become an outstanding practitioner, continuing the family tradition of identifying new market trends and developed sentiment indicators based on more recent market changes. Mary Ann is one of the exceptional speakers scheduled to make a presentation at the Annual Symposium in April offering current insights into the markets.  Please tell us about the thought leaders you think we should feature in upcoming issues of Technically Speaking by emailing editor@mta.org. MIKE CARR [post_title] => Technically Speaking, January 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-january-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:34:32 [post_modified_gmt] => 2020-08-03 15:34:32 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=46230 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 395703 [post_id] => 46230 [meta_key] => newsletter_content_3_contributor [meta_value] => a:1:{i:0;s:5:"44724";} ) )

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