From the Editor’s Desk
Happy Holidays to all our Technically Speaking readers. Since this is the season for giving and also for giving thanks, I’m going to use a little of this space to request the former and do the latter. First of all, many thanks to people like Ashton Dorkins, Garry Rissman and Matt Blackman, who have been a huge asset for the Newsletter since I have been Editor. They have been providing content almost every month.
Also, thanks to people like Jeannette Young in New York City and Ross Leinweber in Chicago, we are now starting to get some newsletter participation from the MTA’s regional chapters. That’s the good news. However, there are 16 more Chapters out there that we have not heard from yet, so we clearly can do much better. So, to those involved with a regional group, please drop me a line at firstname.lastname@example.org and let me know that you are willing to give a gift to your fellow MTA colleagues by covering your Chapter’s next meeting.
For those of you that are relatively new to the business and/or the Association, Technically Speaking is a great way to get your name and face in front of the rest of the membership as we will include your picture and bio in every submission to TS that gets published. I also encourage anyone who has an interesting analytical technique they would like to share, or who has read a great book on technical analysis and would like to share their views on it with the rest of us, please consider writing an article for TS. This is your Newsletter – we would like to fill it with content from as many of you as possible.
Now, on to this month’s issue. On the cover, Michael Covel discusses some simple but important techniques for equalizing risk between investments to adjust for differences in volatility and leverage. Inside, MTA affiliate and CMT candidate Matt Blackman reviews a new investment software product that integrates several different approaches into one package. In addition, money manager Rob Hanna uses back-testing to come to some interesting conclusions regarding the effectiveness of the 200-day moving average as a investment tool. Finally, Executive Director John Kirby reports on the MTA’s two most recent accomplishments, the launching of our new technology platform and the debut of the new and improved MTA website.
Hope you enjoy the issue. I also hope you will consider contributing to future issues of TS.
John Kosar, CMT
From the President’s Desk “Dear Santa”by Jordan Kotick, CMT
Every month since becoming President, I have been able to report to you the successes we have had as an organization. I wanted to change tunes and do something different, something that I do not...
From the Executive Director “Go Live”by John R. Kirby
The newest event to take place with the MTA was the GO LIVE of your NEW technology platform and the NEW MTA website. Over the last month literally hundreds of thousands of records and pages of...
Risk Equalizationby Michael Covel
In the quest for trading success, many traders are seduced into a fruitless search for a perfect entry or exit technique. While they hunt in vain, they miss some very simple strategies that enhance...
The Importance Of The 200-Day Moving Averageby Rob Hanna
How significant is a move in the S&P 500 below its 200-day moving average? To answer this let’s first consider what the 200-day moving average signifies, and then look at some statistics. The...
Product Reviewby Matt Blackman, CMT
VantagePoint 6.3 by Market Technologies, LLC Like newborn babes, traders enter the market with high hopes and great expectations. Among their first tasks is to find the ‘best’ method to trade,...
The Face of Trading: Recreating the Boxby Active Trader Staff
Name: Jeffery E. Lay Age: 41 Lives and work in: Cinncinnati, Ohio As a teenager in rural Ohio, Jeffery dreamt of being a Navy Pilot. Not many people get to fulfill childhood fantasies, but Lay...
Grading of the CMT Level 3 Exam
A rather small but dedicated group of CMTs met in Newark, New Jersey this past November to grade 154 CMT 3 exams. This provided an opportunity for this group of experienced technicians to give back...
New Educational Content This Month
February 1, 2023
An Introduction to Technical Analysis
Presenter(s): Ralph Acampora, CMT
January 4, 2023
High Profit Candlestick Patterns
Presenter(s): Stephen W. Bigalow
December 12, 2022
Structural Interest Rate Reversal Finally Underway?
Presenter(s): Louise Yamada, CMT