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Rick Bensignor

Rick Bensignor

Rick Bensignor is Chief Investment Strategist and CEO at The Bensignor Group, which he founded in 2008. Prior to founding his own firm, Rick was a chief market strategist at Morgan Stanley Principal Strategies, responsible for providing the firm’s proprietary traders with strategic investment analysis and tactical trading ideas.

Rick also served as Morgan Stanley’s Institutional Investor-ranked chief technical strategist, overseeing the firm’s banner technical research product after a stint as the firm’s commodities technical strategist and head of the institutional commodities sales desk. He was formerly the head of technical analysis, futures and commodities at Bloomberg, where he was responsible for the product development, sales and marketing of those applications, following his 12-year career as a broker and independent trader on the floor of several New York futures exchanges.

Rick is frequently quoted in leading global business media, including CNBC, The Wall Street Journal, Bloomberg, The Financial Times, and Fox Business TV.

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            [post_content] => “The trend is your friend.”

As market technicians, we hear this a lot. And then eventually, thankfully, we learn to follow it as well. But what if there is no trend? Then what?

Well, then you make new friends that go by the names Patience and FaithPatience for when the trend resolves, and Faith in your abilities to identify that resolution.

Hello readers! Welcome to the revamped version of Technically Speaking. We’ve made several changes to the existing format based on the feedback we’ve received and we’re excited to share it with you. I am taking over the role of the Editor from Michael Kahn, who has been a fantastic Editor for the past three years! Thank you, Mike, for the content you curated diligently for so long.

As a study, technical analysis is extremely subjective, and once we factor in the emotions of the market participants and the market analysts, we have to ourselves a delightful mix of knowns and unknowns. The known is that human behavior continues to exhibit the same tendencies over time: Greed & Fear. The unknowns comprise the unique combinations that emerge from the coming together of distinct indicators, systems, trading styles, and perceptions. Put together, we have a beautiful place to go to, where every day is a new day and every day brings new opportunities. That is, if you are prepared to seize them.

2020 and 2021 have been quite distinct from one another. If 2020 was like bungee jumping, then 2021 has been more like ziplining. While 2020 rewarded those who had faith in the trend resolution, 2021 has been rewarding those who’ve exhibited patience. Regardless of both market scenarios, there have been plenty of lessons to be learned. Learn, we have, and will!

In the new format of this newsletter, we will present information in various forms that can be broadly categorized but not limited to the following:

Members and non-members are invited to share their unique experiences and learnings so as to grow together as a community.

I’d like to take this moment to thank the CMT Association for giving me this opportunity. I have been a student of Journalism in the past, and to be an Editor of an International Newsletter is truly a dream scenario playing out for me. I started out with the India-specific Newsletter Technical Insights, and have had many learnings which I intend to put to good use now.

My goal is to make market insights more accessible to you from those who have had their fair share of experiences. At a time when the market environment is as vibrant as it is today, it could only help to learn from those who have experienced the cycle of fear & greed several times and more!

If there is anything else you’d like to see featured here, please reach out to me at editor@cmtassociation.org.

Here’s to a new journey. So onwards and upwards we go (into bullish momentum territory).

Until we meet again (in print), think technical!

Rashmi Bhatnagar

Editor
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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] => 532309 [post_id] => 51962 [meta_key] => newsletter_content_3_contributor [meta_value] => a:1:{i:0;s:5:"51953";} ) )

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