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Mark Minervini

Mark Minervini

Mark Minervini is a technical analyst, acclaimed author, instructor, and independent trader. He has over 30 years of experience in finance, and was featured in Jack Schwager’s Stock Market Wizards; Conversations with America’s Top Stock Traders. Schwager wrote: “Minervini’s performance has been nothing short of astounding. Most traders and money managers would be delighted to have Minervini’s worst year – a 128 percent gain – as their best.” 

Mark traded his first stock in 1983 when he invested in a few hundred shares of Allis Chalmer, a seller of tractors and forklifts. Soon after, he became familiar with the work of Richard Love, author of the book Superpeformance Stocks. Love’s book had a profound influence on Mark’s professional and philosophical views on investing and the formulation of his own investment strategy. It was Mark’s initial intention to simply support himself from his trading profits, but his well-timed investment decisions increased his wealth dramatically each year, as well as the popularity of his opinion. He now runs an educational website and forum where he shares his Specific Entry Point Analysis® – SEPA methodology with other traders and analysts. 

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MTA becomes CMT ASSOCIATION

Beginning July 15th, after nearly 50 years of service to the financial industry, the Market Technicians Association is becoming the CMT Association and updating the organization’s brand. As members of the organization, we cannot thank you for creating this remarkable home for the advancement of technical analysis. Committed volunteers and engaged participants are the reason our discipline has the professional respect we enjoy today. As we strive to uphold the vision of our founders while adapting to the rapidly changing industry, we hope that you will help us extend the reach of the organization by sharing this news with your colleagues, clients, and professional contacts. The Association’s leadership including Board Members, founding members, and senior staff, recommended that members approve changing our organization’s name. Having carefully considered all implications of the legal name change, the leadership felt that it is imperative to rationalize the number of acronyms out in the industry. Pending approval by a vote of the Membership, you’ll see the new look and name anywhere we’re out in public, like our website, publications, digital webcasts, LinkedIn, Facebook and Twitter. Very soon you’ll see new signage and materials at your local chapters, as well. The new brand name better matches what we’ve become since the early 1970s: the preeminent global designation for financial professionals committed to advancing the discipline of technical analysis. When our association began, we operated for years without a credentialing body, exam process, or charter. Since our legal incorporation in 1973, we’ve stuck with the Market Technicians Association. Although we slightly altered our colors in late 2015 as we built out the new website, we did not consolidate our two acronyms – MTA and CMT. Today, the CMT Program is central to the value of the Association as well as the professional identity of nearly all Members. The new name reflects our continued commitment to our global members and unique capacity to advance the discipline of technical analysis among industry professionals. Aligning with best practice allows us to consolidate the MTA and CMT acronyms for renewed clarity and notoriety of our CMT charterholders worldwide. Other than these visible changes, the association will continue to operate in its current structure with no change in staff or volunteer leadership. Your contacts for all ongoing projects and initiatives will remain unchanged. Furthermore, the mission and goals of the association remain unchanged. The CMT Association will continue to be a place for collegial discourse and exchange of ideas amongst like-minded professionals. Whether you are a charterholder or not, your Membership status will not change. Our brand goal was to align with industry best practice. In our field, the notable organizations are all designation-centric (CFA Institute, CFP Board, CAIA Association, etc..) We also aimed to reduce confusion in the marketplace around our multiple acronyms; better matching our name to our core value proposition and the users we serve. A small team of staff and volunteers worked with professional designers to find something that appeared crisp, approachable, professional, modern, and connected. The “M” of the logo creatively represents a barchart, but it’s stylized and emphasized through color to connote the importance of Markets within our name. The study of price  behavior is about markets in comparison to the study of fundamentals and the assessment of companies. Our decision to use the acronym in the logo was inspired by the diversity of our members. A “CMT” is a portfolio manager, a research analyst, a financial advisor, an asset allocator, a quantitative trading system developer, and many more things – but always a professional committed to advancing the discipline of technical analysis and upholding the highest ethical standards in the industry. We hope you like this new look for the CMT Association! Look out for more updates and a broader industry presence as we continually try to better serve our members with the preeminent global designation and highest member value in all our programming and initiatives. 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LETTER FROM THE EDITOR

Magazine covers are a widely followed market indicator. Paul MacRae Montgomery first noted the link between covers and markets and explained that popular media can be a contrary indicator of the markets. Covers have also been the subject of academic research that supported their use as an indicator. A 2007 paper by three University of Richmond professors, Are Cover Stories Effective Contrarian Indicators, “study found a statistically significant correlation between appearance on the cover of one of the magazines and the subsequent performance of the company's stock.” This month, Tom Vician provides a survey of the magazine indicator with a number of charts. Technical analysis is built on charts and Tom’s work is helpful for technicians who want to understand this indicator in historical context. We conclude this issue with a classical interpretation of charts prepared by Susan Berger, who learned to analyze charts while working for John Edwards. Her work shows how durable the basic principles of technical analysis are and how ideas contained in books written nearly seventy years ago are still relevant. If you would like to comment on Technically Speaking or share your work with the MTA membership, please email us at editor@mta.org. Michael Carr [post_title] => Technically Speaking, November 2013 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-2013 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:33:23 [post_modified_gmt] => 2020-08-03 15:33:23 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technically_speaking&p=45393 [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 381607 [post_id] => 45393 [meta_key] => newsletter_content_2_contributor [meta_value] => a:1:{i:0;s:5:"24738";} ) )

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