The Dog Days are upon us, yet the animal ruling the roost is the bull. That is, if you are in the stock market and most of the metals. Not so much if you own U.S. dollars. With the world still upside down due to the pandemic, whole swaths of the economy are likely to change; that means rethinking portfolio allocations.
But you don’t need me to tell you about the new world, as we are all living in it. I do, however, have confidence that this time next year things will be mostly back to normal. We’ll still probably look at each other as if everyone has got a secret case of the cooties, which, by the way, is a real word in the dictionary. I had no idea. But that, too, will pass with time.
In this month’s edition, we interview Jeanette Schwarz Young, options trader and educator extraordinaire. The feature article by a recent new member, John Letizia, looks at the FAANG stocks with a new spin. For most of them, the big gains have happened after hours, but that could be changing. He also introduces us to an index that tracks an expanded version of these stocks that we can actually chart.
Of course, we’ve got some Chapter meeting summaries from NY, Minnesota and Chicago, as we proceed with virtual-only meetings for the foreseeable future. We’ve also got another first, as the Singapore and Hong Kong Chapters held a joint virtual meeting with three speakers and several attendee polls. Check this out and see that our Asia presence is alive, well and growing.
Membership news and a message from the President round it all out. Don’t forget, pricing for the CMT exams increases on September 1, so register now to get the current (Standard) price.
The post-Labor Day period typically sees activity of all sorts pick up. When we add the Presidential election drawing near, these should be “interesting times” ahead. Stay safe.
Michael Kahn, CMT
President’s Letterby Scott G. Richter, CMT, CFA, CHP
Attention all future CMT Charterholders, Since you probably have been busy dealing with the current world situation while you still serve your clients, you might not be aware of what’s going on...
Has FAANG+ Flipped from Nocturnality?by John Letizia II, CPA, CMT, CFTe
For the last several years, the technology sector has been all the rage, garnering a significant amount of airtime on the business channels. Commentary typically revolves around a “handful” of...
New York Chapter Meeting Summaryby Tom Bruni, CMT
On Thursday, July 23rd, 2020, the New York Chapter hosted Andrew Thrasher, CMT, for a virtual meeting. Andrew is a Portfolio Manager for Financial Enhancement Group, LLC, Founder of Thrasher...
Minneapolis July Chapter Meetingby Jamie Keelin, MBA, CMT
Featured speaker Sam Stovall Research presented “The Rules Rule!” to the Minneapolis chapter on July 21 via a webcast. Sam is the Chief Investment Strategist at CFRA and is the author of...
Member Interviewby Jeanette Schwarz Young CMT, CFP, CFTe, MS
Please tell us what you do professionally. Currently, I am a trader, a trading coach, and writer. I have been a CMT member since 1995 and was the first CMT Program Director. I was also a two-term...
Chicago Chapter Meeting Summaryby Matt Nygaard, CMT
On Thursday, July 16, legendary trader Damon Pavlatos, founder of PhotonTrader Services, presented to the CMT Association Chicago Chapter in a virtual event. Damon provided a nice mix of trading...
New Book Cornerby Michael Kahn, CMT
We love to let everyone know when members publish new books or series. Kaufman Constructs Trading Systems by Perry J. Kaufman was published by Amazon recently. This is a step-by-step guide to...
Singapore and Hong Kong Combined Chapter Conference Summaryby Isaac Lim, CMT, CFTe
On Tuesday, July 28, 2020, both the Singapore and Hong Kong Chapters of the CMT Association came together and hosted the first of an ongoing series of events featuring renowned technicians, mainly...
Membership Newsby Marie Penza
Members on the Move The CMT Association would like to congratulate the following members on their new positions: Ryan Detrick, CMT Chief Market Strategist at LPL Financial Rakesh Gandhi, Technical...
New Educational Content This Month
In addition to several chapter meeting recordings, this month we’ve added webcasts from Peter Eliades and Mark Galasiewski to the archives. Listen to a recent Chicago chapter book group discussion, and browse other new topics.
Scott G. Richter, CMT, CFA, CHP
Scott Richter, CMT, CFA, CHP is a senior portfolio manager for Westfield, which manages over $4B in AUM. He is the lead portfolio manager for alternative assets and is also responsible for investments in the energy and utility sectors. He was formerly the co-manager...
John Letizia II, CPA, CMT, CFTe
John J. Letizia II, CPA, CMT, CFTe is a sell-side equity analyst. Prior to his time on the sell-side, John worked as a proprietary trader employing technical analysis for three years. John also has worked in both KPMG’s and Ernst & Young’s M&A Tax Practices. John...
Tom Bruni, CMT
Tom Bruni, CMT is a Technical Analyst at All Star Charts and the founder of BruniCharting. In May 2016 Tom graduated Magna Cum Laude from Molloy College's Business Honors Program where he spent the majority of his four years exploring career paths in the fields of Accounting and...
Jamie Keelin, MBA, CMT
Jamie Keelin, who holds a Chartered Market Technician (CMT) designation, is the Chief Investment Strategist at Frazer Bay Investments, LLC. He has extensive financial markets and institutional equity trading experience and knowledge. While working at a mid-size investment...
Jeanette Schwarz Young CMT, CFP, CFTe, MS
Jeanette Schwarz Young, who holds a Chartered Market Technician (CMT) designation, is a Technical Analyst and Portfolio Manager at Kensington Capital. She is also the author of the Option Queen Letter, a weekly newsletter issued and published every Sunday, and...
Matt Nygaard, CMT
Matthew Nygaard, CMT, is a Trader for Quiet Light Securities, LLC where he provides daily technical analysis commentary on the US index markets and is responsible for hedging the delta exposure and trading the electronic option markets for the firm’s ES/SPX trading group. He...
Michael Kahn, CMT
Michael Kahn, who holds a Chartered Market Technician (CMT) designation, is a seasoned financial services strategist, analyst, columnist, educator and speaker. Michael has been working with charts and technical analysis since 1986. He is the author of three books on...
Isaac Lim, CMT, CFTe
Isaac Lim, CMT, CFTe is currently the Chief Market Technician at Everest Fortune Group. For his current and previous roles, he provides reactionary trading strategies and market insights on a daily basis to leading buy-side names and institutions. He has developed a...
Marie Penza serves as the Director of Member Services for the CMT
New Educational Content This Month
March 24, 2023
CMT Level III Informational Session
Presenter(s): Stanley Dash, CMT, Tyler Wood, CMT
March 15, 2023
Why the Dow Theory? Multimarket application, Outperformance, Drawdown reduction, and a 120+ years record
Presenter(s): Manuel Blay
March 8, 2023
Money and the Fork in the Road for the Year Ahead
Presenter(s): Brendan McCarty, CMT