Happy Equinox, shut ins. Yes, as the seasons change, all over the globe we are staying inside and away from each other. Does that affect your mental state? You bet it does. And does it affect your market analysis and trading? Probably, but maybe not as much as it might have done a few bear markets ago when technology was still finding its way.
The coronavirus (COVID-19) situation is quite fluid so I won’t comment. However, as markets try to find their footing and our day-to-day lives are different, we’re here to provide resources for you to make the best of it. Most importantly, we can tell you that the CMT Association is still up and running, having planned for an emergency situation months and years ago. Remember, back in 2001 our headquarters were in Tower 1 of the World Trade Center, so we know a few things about preparation and resilience.
This issue of Technically Speaking will feature an article by Rob Hanna about how he operates using quantitative analysis alongside technical indicators. Our member interview is with Patrick Hennessey, a trader who has a story many members likely mirror.
Everything else touches on resources available to members, even as the office downtown is closed. Association CEO Alvin Kressler offers a few words letting us know that we are alright and will come out of this just fine. And finally, I offer up a few words about my own situation working at home, which perhaps is what so many of us are now doing. Personally, I find it a step up.
That’s all. Be safe, stay home, wash your hands and stay connected by voice or digital. Think of all this as a story you can tell your grandchildren and don’t forget to laugh about toilet paper hoarders.
Michael Kahn, CMT