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Technically Speaking, April 2020

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

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What's Inside...

President’s Letter

by Scott G. Richter, CMT, CFA, CHP

Dear Members, Associates, Partners and Friends, As you know, we are in a very volatile time.  Not only in the markets, but in our lives.  I wanted to take just a few moments to share my...

Executive Director's Update

by Alvin Kressler

COVID-19 has clearly impacted our live event offerings in the near-term, as we have canceled all live chapter meetings through the end of May, postponed the Annual Symposium and just announced...

Notice of Annual Meeting

by Robert Palladino, CMT

The Annual Meeting of the CMT Association, Inc. membership is scheduled to take place on Wednesday, 10 June 2020. Online proxy voting for the annual meeting will open on May 8, 2020 and run through...

Trading Under Lockdown

by Michael Kahn, CMT

I first posed the question on Twitter in some of the email chat rooms I frequent to find out how everyone was coping with the new normal but the response was rather limited. Perhaps this will give...

Chart Summit 2020 Resources

by Tom Bruni, CMT

While you are stuck at home, here are some presentations to keep your TA mind sharp. On Saturday, March 28th, 2020, the Technical Analysis community came together for a virtual conference, Chart...

Thinking Like a Quant

by Rob Hanna

The core part of the analysis I do at Quantifiable Edges is based on studies of market action or historical indicator readings. My work utilizes technical analysis tools, but I look to quantify my...

Baruch College Becomes the Home of an Important Research Collection in Technical Analysis

by Arthur Downing, Ph.D.

This announcement was dated December 2, 2019 but is relevant given our focus this month on resources for members. The Technical Analysis Educational Foundation, Inc. (TAEF) has placed its research...

Member Interview

by Patrick Hennessy, CMT

Please tell us what you do professionally. I am the head trader for IPS Strategic Capital – an independent registered investment advisor based in Denver, CO that specializes in hedged equity and...

Membership News

by Marie Penza

Members on the Move The CMT Association would like to congratulate the following members on their new positions: Durgesh Jadhav, Equity Advisor at SBICAP Securities Vishal Mehta, CMT, Founder at...

New Educational Content This Month

We hosted several online learning opportunities over the past few weeks, in addition to our involvement in the 2020 ChartSummit. With this roundup, you can easily identify the newest additions to our video archives, keeping your technical skills sharp while you’re homebound.

President’s Letter

President’s Letter

Dear Members, Associates, Partners and Friends,

As you know, we are in a very volatile time.  Not only in the markets, but in our lives.  I wanted to take just a few moments to share my thoughts about our association and about sticking to our mission.

First We are committed to making it to the other side of COVID-19 and stewarding member resources in a prudent and cautious manner.   

In a short amount of time, we’ve been through a lot of change.  We’ve had to postpone our 47th Annual Symposium and we have bumped our mid-year exam cycle to December due to COVID-19. 

We are taking the threat very seriously and adjusting our short-term focus to be prudent and conservative financially.  We are taking the actions necessary to stay relevant to members, to be mindful of staff, and to be cooperative with our partners.  Staff and committees have done an amazing job

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Scott Richter, CFA, CMT, CHP

Scott G. Richter, CMT, CFA, CHP

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Executive Director's Update

Executive Director's Update

COVID-19 has clearly impacted our live event offerings in the near-term, as we have canceled all live chapter meetings through the end of May, postponed the Annual Symposium and just announced postponing the June CMT exams to December.   However, we are stepping up virtual meetings and programs to continue to deliver to you a wide variety of programs.  We are planning to bring you more programming as we gain more traction with our virtual platforms.  We expect to relaunch live, in-person programming in the late summer and into the fall.

We are looking at more capabilities in virtual programming, as well as other services that may be of benefit to members.  To that end, we encourage you to share with us your ideas around services and programming that you would find beneficial. Please contact us at admin@cmtassociation.org.

In the meantime, take a look at some of the resources we already have

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Alvin Kressler

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Notice of Annual Meeting

Notice of Annual Meeting

The Annual Meeting of the CMT Association, Inc. membership is scheduled to take place on Wednesday, 10 June 2020. Online proxy voting for the annual meeting will open on May 8, 2020 and run through June 8, 2020. You will receive an email invitation with detailed instructions for voting on May 8, 2020.

The 2020 Annual Membership meeting will be conducted entirely on-line; the link to register is included below. The Annual Meeting is open to all Members of the CMT Association, you are invited to attend via online webcast, details below.

Please register for the 2020 CMT Association Annual Membership Meeting to be held electronically on June 10, 2020, at 8:30 AM EDT using this link: https://attendee.gotowebinar.com/register/3098092120409790219.

Please contact Marie Penza, CMT Association Member Services Director, at 646-695-3008, or by email at marie@cmtassociation.org with questions.

Agenda

  • Order of Business
  • Approval of the Minutes of the June 11, 2019 Annual Meeting
  • Reports by the CMT Association
    • Scott

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Robert Palladino

Robert Palladino, CMT

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Trading Under Lockdown

Trading Under Lockdown

I first posed the question on Twitter in some of the email chat rooms I frequent to find out how everyone was coping with the new normal but the response was rather limited. Perhaps this will give you a taste of what others are experiencing and, with some luck, we won’t need a follow-up piece over the summer.

As you all know and are experiencing, our normal lives have been supplanted by the global pandemic. Stay home, wash your hands, and when you must leave for food and medicine, wear gloves and a face scarf. Oh, and thank a healthcare worker, food delivery person and all the people behind the scenes keeping everything clean.

The question relevant to us here is how has this affected your interaction with the financial and commodity markets? After all, they are still open, despite the empty NYSE trading floor, and that means, thankfully, we all have

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Michael Kahn, CMT

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Chart Summit 2020 Resources

Chart Summit 2020 Resources

While you are stuck at home, here are some presentations to keep your TA mind sharp.

On Saturday, March 28th, 2020, the Technical Analysis community came together for a virtual conference, Chart Summit 2020, to educate, learn, and, most importantly, raise money for four charities that are supporting the fight against the COVID-19 Pandemic. Host JC Parets, CMT, and his team at All Star Charts partnered with Traders4ACause, the CMT Association, and over 30 market professionals/firms to deliver over 12 hours of content, hosting more than 10,000 registered participants, and raising over $50,000 for charity on the first day alone.

The presentations featured industry powerhouses like Dr. Brett Steenbarger, NYSE Floor Governor Jay Woods, Chief Equity Strategist of Bloomberg Intelligence Gina Martin Adams, and many others offering their own unique perspective on the current market environment. All of the replays are available for FREE at http://ChartSummit.com and donations are encouraged at

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Tom Bruni, CMT

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Thinking Like a Quant

Thinking Like a Quant

The core part of the analysis I do at Quantifiable Edges is based on studies of market action or historical indicator readings. My work utilizes technical analysis tools, but I look to quantify my observations in a way that provides me confidence that a particular setup is actually providing an edge. One of the most frequent questions I get is “How do you come up with the ideas to generate your studies?”

Curiosity and current market conditions are what drives many of the studies. Each night I examine the market to see what happened that day. How were the breadth numbers? What about volume? What was moving the most? How about volatility?

I’m basically looking for standout readings in price, volume, breadth, volatility, sentiment, or some indicator I may track. It doesn’t have to be anything Earth-shattering. Just something that might provide a hint. The market hit an X-day high or low,

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Rob Hanna

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Baruch College Becomes the Home of an Important Research Collection in Technical Analysis

Baruch College Becomes the Home of an Important Research Collection in Technical Analysis

This announcement was dated December 2, 2019 but is relevant given our focus this month on resources for members.

The Technical Analysis Educational Foundation, Inc. (TAEF) has placed its research collection on long-term loan in the Newman Library of Baruch College. The collection includes nearly 7,000 publications that constitute a significant portion of the body of knowledge of technical analysis, which considers the empirical information derived from the activities of buyers and sellers in an open auction market. The holdings consist of books, historical texts, journals, investment advisory letters, recordings, electronic and digital media, chart books, and photographs. The collection continues to grow through new acquisitions and donations.

Through its partnership with Baruch College, the TAEF is able to make this collection available to a diverse community of users. The collection will benefit both professionals and new entrants to technical analysis. In addition to supporting instruction and research at Baruch College, many

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Arthur Downing, Ph.D.

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Member Interview

Member Interview

Please tell us what you do professionally.

I am the head trader for IPS Strategic Capital – an independent registered investment advisor based in Denver, CO that specializes in hedged equity and other options-based strategies. I am responsible for trade execution for all of the strategies employed by the firm, as well as monitoring markets and assessing potential pockets of risk within our investor’s portfolios. The firm manages a 40 Act Mutual Fund (IPSAX), as well as a variety of SMA and option overlay strategies for high net worth individuals, financial advisors, and other institutional clients.

How did you get there?

During my senior year of college, I took a class on derivatives and the professor of the class was the founder & CIO of IPS Strategic Capital, Dominick Paoloni. He explained that they had an internship program at the firm, which was very intriguing to me after learning so much from the

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

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Membership News

Membership News

Members on the Move

The CMT Association would like to congratulate the following members on their new positions:

  • Durgesh Jadhav, Equity Advisor at SBICAP Securities
  • Vishal Mehta, CMT, Founder at Marketscanner.in

Since many of us are presently working from home, please take a few minutes to log into the website and update your information if your company, address or telephone has changed.  Stay safe.

CMT

If you have completed the CMT Level III exam or are presently registered for the exam and have the necessary three years of professional work experience, don’t forget to apply for the Professional Member status.

If you have any questions about the Professional Membership process, please forward your questions to admin@cmtassociation.org.

The CMT Association would like to congratulate the following members who received their CMT Designation in March 2020.

  • Noah Brooks                                       
  • Wenkang Chung     

To view this content you must be an active member of the CMT Association.
Not a member? Join the CMT Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.

Contributor(s)

Marie Penza

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