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Josh Rosen, CMT

Josh Rosen, CMT

Josh Rosen, CMT is a Senior Domestic Trader at Driehaus Capital Management and Driehaus Securities.

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A Letter from the MTA Seminar Chair

This month, instead of A Letter from the Editor’s Desk, we have decided to provide you with an update on the MTA’s upcoming Mid-Winter Retreat by Seminar Chair Tim Snavely, CFA, CMT. MTA Membership: I am pleased to invite you to join us this year for our 2008 MTA Mid-Winter Retreat - a high quality, advanced topics, learning and networking event set on the gorgeous Florida Gulf Coast. This year’s Retreat will be held January 25th and 26th at the fabulous Don CeSar, a Loew’s Hotel, and it will feature: Please stay tuned for more information, and be sure to review the itinerary. There is no better place to be this January 25th and 26th than St. Pete Beach, Florida - so plan ahead and act now to take advantage of this opportunity, and the low pre-registration rate available for only a short time. For more information or to register, go to www.mta.org, or contact Tim Licitra, MTA Marketing Services Coordinator, at (646) 652-3300. Sincerely, Tim Snavely, CFA, CMT MTA Board Member & Seminar Chair [post_title] => Technically Speaking, October 2007 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-october-2007 [to_ping] => [pinged] => [post_modified] => 2020-03-25 18:37:36 [post_modified_gmt] => 2020-03-25 22:37:36 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=48598 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 441783 [post_id] => 48598 [meta_key] => newsletter_content_3_contributor [meta_value] => a:2:{i:0;s:5:"48405";i:1;s:5:"48606";} ) [1] => stdClass Object ( [ID] => 51962 [post_author] => 2 [post_date] => 2006-11-15 12:00:39 [post_date_gmt] => 2006-11-15 17:00:39 [post_content] =>

From the Editor’s Desk

As always, the MTA is busy. Staff and volunteers are continuing with preparations for the upcoming Seminar. Graders are preparing to review the growing number of CMT tests. Daily operations continue to increase at an ever quickening pace. This issue of the newsletter reflects that activity and presents some interesting research on techniques of technical analysis. On the cover, Rob Brand, CMT, takes a new look at volume and analyzes institutional fund flows. He concludes that studying this data is useful, and provides a viable framework to incorporate the data into your own market studies. Looking inside the newsletter, on page 8, we publish a short study by Lawson McWhorter, CMT, looking at the volume generated by retail investors. He uses data recently made available by the New York Stock Exchange that was announced in the June Issue of Technically Speaking. His conclusion is that the usefulness of retail data in the current market environment is limited. I hope you’ll read both studies, and maybe consider doing your own work in this area. We are always happy to publish the results of your studies. I hope you enjoy this issue, and look forward to hearing about what you’d like to see in upcoming issues. Cordially, Mike Carr, CMT Editor, Technically Speaking [post_title] => Technically Speaking, November, 2006 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-2006 [to_ping] => [pinged] => [post_modified] => 2020-08-04 13:48:54 [post_modified_gmt] => 2020-08-04 17:48:54 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=51962 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 532186 [post_id] => 51962 [meta_key] => newsletter_content_2_contributor [meta_value] => a:2:{i:0;s:5:"48606";i:1;s:5:"48405";} ) [2] => stdClass Object ( [ID] => 51998 [post_author] => 2 [post_date] => 2006-09-15 12:00:05 [post_date_gmt] => 2006-09-15 16:00:05 [post_content] =>

From the Editor’s Desk

This month we introduce Contributing Editor Molly Schilling, an MTA affiliate. In this issue, you’ll find Part 1 of her In-Depth interview with Josh Rosen. Molly did an outstanding job providing insight into the mind and work of a New York Stock Exchange Specialist with Kellogg Group. As a market maker on the floor of the NYSE, Josh is one of the people responsible for ensuring traders can trade. What and how he thinks may lead to insights that help us trade better. During the May Seminar in New York I had the chance to ask Josh why the floor at every exchange is always gunning for my stops. He had a very Michael Corleone-like expression as he told me it was nothing personal, just business. Stops tend to be clustered and it’s his role to provide liquidity. He must assume that we want trades to occur at the stop prices, and he is only doing his job when he allows me to exit my long at the low of the day. He also pointed out that in the very short term, stop points usually represent good buy or sell prices. When you think about it, stops are support and resistance and as traders, we expect bounces at these levels. From that conversation, I learned to place wider stops. The losses are bigger when they are hit, but they are hit less often. Overall, that short talk with Josh has helped me to become a little more profitable. And, conversations like that represent the largest part of the value of my MTA membership. In coming months, Molly will be offering more insights into the minds that make the markets. Hopefully we can all learn a little from each of her skillful interviews. As always, I hope you learn a great deal from this issue of Technically Speaking. Sincerely, Mike Carr, CMT Editor, Technically Speaking [post_title] => Technically Speaking, September, 2006 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-september-2006 [to_ping] => [pinged] => [post_modified] => 2020-08-04 16:13:36 [post_modified_gmt] => 2020-08-04 20:13:36 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=51998 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 533089 [post_id] => 51998 [meta_key] => newsletter_content_1_contributor [meta_value] => a:2:{i:0;s:5:"48606";i:1;s:5:"48405";} ) )

Contributions