Sam Stovall, CFP

Sam Stovall, CFP

As Chief Investment Strategist, Sam Stovall serves as analyst, publisher and communicator of CFRA’s outlooks for the economy, market, and sectors.  He is the Chairman of the CFRA Investment Policy Committee, where he focuses on market history and valuations, as well as industry momentum strategies.  Sam is the author of The Seven Rules of Wall Street, and writes weekly Sector Watch and Investment Policy Committee meeting notes on CFRA’s MarketScope Advisor platform.  His work is also found in CFRA’s flagship weekly newsletter The Outlook.

Prior to joining CFRA, Sam was Managing Director and Chief Investment Strategist at S&P Global for more than 27 years, and served as Editor In Chief at Argus Research, an independent investment research firm in New York City.

He received an M.B.A. in Finance from New York University and a B.A. in History/Education from Muhlenberg College,
in Allentown, Pa.  Sam is also a Certified Financial Planner.

Sam’s volunteer efforts center on financial literacy. He is a board member of W!SE (Working in Support of Education), an educational not‐for‐profit that aims to improve the lives of young people through programs that develop financial literacy and readiness for college and careers. He is also a Trustee of Muhlenberg College.

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Letter from the Editor

We are again presenting only a few articles in this month’s newsletter. MTA members are among the leading technicians doing great research and we are featuring a few samples of the work being done. In coming months, we hope to continue highlighting this type of original work. As always, if you’d like to share your work with your colleagues, please send it to us at In “An Interesting Application of Neural Nets,” we highlight how Parallax Financial Research is using neural networks to develop a complete investment methodology. Their combination of fundamental and technical inputs has resulted in a long-term winning strategy. Robin Carpenter presents a detailed analysis and thought-provoking piece on VIX, challenging the standard interpretation of this widely used indicator. Short-term traders will be interested in “Candlestick Kicker Signal = Powerful Profits” by Stephen W. Bigalow. While candlesticks are widely used, this article offers a fresh insight into the patterns. “Individual Monthly Charts for The 1924 to 1935 Period” is a partial reprint of a Safian Investment Research piece. The collection of charts and brief commentary are well worth reading for anyone trading today’s markets. Mark Twain is believed to have said, “History doesn't repeat itself - at best it sometimes rhymes.” Traders need to study history so that they can benefit from the repetitive patterns often found in the market, and Safian’s piece is a valuable collection of market history. We hope you find this collection of papers to be useful. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, November 2009 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-2009 [to_ping] => [pinged] => [post_modified] => 2020-03-20 17:00:34 [post_modified_gmt] => 2020-03-20 21:00:34 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 423002 [post_id] => 47919 [meta_key] => newsletter_content_2_contributor [meta_value] => a:1:{i:0;s:5:"47935";} ) [1] => stdClass Object ( [ID] => 47971 [post_author] => 2 [post_date] => 2009-09-15 12:00:11 [post_date_gmt] => 2009-09-15 16:00:11 [post_content] =>

Letter from the Editor

While September is traditionally a time to think about going back to school, on Wall Street it seems more like the time of year to head back to work. Volume is usually lower than average in the summer months as traders focus on vacations more than they do on getting the best bid. As our members gear up to face the challenges of returning to work, we offer up some opinions on recent books that can help them refocus and sharpen their skills. One trend I noticed in my summer’s reading list was the emphasis on volatility. The markets have certainly been volatile recently and several insightful authors have offered tips on how to profit from that volatility. We also have a research piece by Ed Easterling of Crestmont Research which shows how prices respond after experiencing volatility. As always, we hope you find this issue of Technically Speaking to be useful as well as interesting. Please let us know what you like, and what you’d like to see. Send me an email at Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, September 2009 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-september-2009 [to_ping] => [pinged] => [post_modified] => 2020-03-20 18:49:58 [post_modified_gmt] => 2020-03-20 22:49:58 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 423910 [post_id] => 47971 [meta_key] => newsletter_content_0_contributor [meta_value] => a:2:{i:0;s:3:"935";i:1;s:4:"7251";} ) )