Paul Wankmueller

Paul Wankmueller

Paul Wankmueller, who holds the Chartered Market Technician (CMT) designation, is a Market Analyst at ICE. He began his career in commodities by working as a research analyst for Michel Marks and 816 Partners immediately after graduating from Monmouth University. With Michel’s recommendation, Paul went on to work with Prime International Trading, first in the coffee options pit on the floor of the NYBOT. Transitioning onto an electronic setup, he garnered a 5-year profitable trading track record trading futures and options. Continuing in the futures space, Paul has worked with ICE for the past 6 years, moving to the Atlanta office to facilitate the new market supervision group.

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            [post_date] => 2019-07-07 07:41:07
            [post_date_gmt] => 2019-07-07 11:41:07
            [post_content] => We are still talking about trade battles with China and an arguably inverted yield curve. Yes, there are other perennial thorns in the paw (Iran and North Korea) but they don’t have much market moving history. As June ended, we got a trade battle truce and the stock market soared. Imagine what will happen if something actually gets done!

I still have a problem with calling the yield curve inverted, as most of it is upward sloping. Only the three-month bill is out of whack as I write this on July 1 and that is rather tied to the Fed. Will they cut, or won’t they? Before the trade truce, fed funds trading had a rate cut for a certainty for this month. Now? Maybe not so certain.

What I can see that is problematic is that the entire curve shifted lower compared to a month ago. And a quick scan of some global debt shows a lot of fractional, and even negative, benchmark yields. All that cannot be good.

Yet gold is backing down to test its breakout. Again, I am writing on July 1 so you all will know how that went.

Bitcoin. Again. Technical analysts’ paradise, investors’ nightmare. When the prices for retro Air Jordans on the StockX sneaker exchange are more stable than the “currency of the future,” I like to watch from afar. The lyrics of Bob Dylan dance in my head – “When will they ever learn? When will they ev-er learn?”

This month, we have an interesting white paper excerpt from TrendSpider about their new raindrop charts. It attempts to give the TA a feeling for how the day or hour developed, similar to market profile, although chartable like candles. However, volume is incorporated as in a VWAP.

This month’s member interview is Les Williams, CMT, who has been active in the association for many years and in many roles. My own CMT certificate was signed by him when he was the Chair of the Admissions committee.

And the Millers are back with the fourth and final installment of their series on copyrights. Again, this is an important topic for anyone who publishes books, newsletters and even blogs.

We've got three Chapter speaker reviews from Atlanta, Denver and Minnesota. Our regular association member news. And a little career advice for newbies urging everyone to write, write, write, no matter how green you may be.

Michael Kahn, CMT
            [post_title] => Technically Speaking, July 2019
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