Technically Speaking, December 2018 – January 2019

They say March comes in like a lion and goes out like a lamb. Well, 2018 came in like a lion and seems to have gone out like a lion, too. Check out this chart of the Dow’s daily true range going back to early 2016. Something is clearly different in 2018.

 

If there is one thing we can say about the markets, it’s that they’re like a box of chocolates. Okay – Forrest Gump, CMT, might have said that.

As we reach our stride with the new newsletter format, we still need your feedback. What do you like? What would you like to see? Drop us a line at editor@CMTAssociation.org. And we could still use some volunteers to help with book, software and seminar reviews.

This month’s member interview is with two-time former past President Bruce Kamich. We’ve got the third, and final, installment of the reboot of Mark Eidem, CMT, CFA’s series on “Lessons from Dead Pilots,” again, which gives a fascinating comparison with traders.

And I did an interview with David Aferiat with a look at how TradeIdeas sees artificial intelligence coming to money management and trading. Don’t worry, you won’t be replaced (at least not yet).

Of course, there is plenty of Association and chapter news, plus a review by Tyler Wood of the recent ETF Global Conference.

Hope your holidays were relaxing, and may your New Year be your best yet!

Michael Kahn, CMT

What's Inside...

President's Corner: Technicians - Fight the Right Fight

As CMTs, we should focus on our contributions to a successful investment process and not get bogged down in philosophical...

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Judgment for Traders: Lessons from Dead Pilots – Part 3

Originally published September 2000

In the past two months, I have introduced the thesis stating that the process of judgment...

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Artificial Intelligence for Traders

Artificial Intelligence (AI) is not the spooky, self-aware robot technology you might think. Certainly, it is the driving force, pun...

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Interview with Bruce Kamich, our Featured Technical Analyst

Please tell us what you do professionally.  I am a technical analyst for Jim Cramer – yeah, that Jim Cramer....

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ETF Global – Portfolio Challenge and ETP Forum

The CMT Association recently partnered with ETF Global, a New York-based data, research and investment analytics platform, on two exciting...

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December in CMT Association history

Friday, December 17, 2004 – Association members David, Krell, Barry Sine, Ken Tower and Ralph Acampora went before the Securities...

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News from Around the CMT Association

Members on the Move

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

  • Lovekush...
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President's Corner: Technicians - Fight the Right Fight

As CMTs, we should focus on our contributions to a successful investment process and not get bogged down in philosophical debates.

Often times investors, and those that advise them, take sides and “fight” to see who is right. For technicians, this can be short-sighted thinking, because anyone can have success in the moment. Fighting the wrong fight takes a lot of energy and usually...

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 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...

Judgment for Traders: Lessons from Dead Pilots – Part 3

Originally published September 2000

In the past two months, I have introduced the thesis stating that the process of judgment is identical for pilots and traders.  Furthermore, traders can learn from the errors in judgment that pilots have made which cost many their lives.  Traders can adapt the work done by the Federal Aviation Administration (FAA) on the judgment process to become aware of...

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)

Mark Eidem, CMT, CFA

Mark Eidem, who holds the Chartered Market Technician (CMT) designation, is a Regional Manager with Charles Schwab Trading Solutions. He is a 1978 graduate of West Point and was previously a retail broker in Anchorage for over a decade. He has served as...

Artificial Intelligence for Traders

Artificial Intelligence (AI) is not the spooky, self-aware robot technology you might think. Certainly, it is the driving force, pun fully intended, in autonomous vehicles, a.k.a. self-driving cars. The software and sensors essentially replace humans in assessing the environment and making decisions concerning the operation of the vehicle. AI can make decisions much faster than humans, but its body of experience is still lagging....

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

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 technical analysis...

ETF Global – Portfolio Challenge and ETP Forum

The CMT Association recently partnered with ETF Global, a New York-based data, research and investment analytics platform, on two exciting initiatives to support education and industry professionals.

After a successful launch three years ago, the ETF Global Portfolio Challenge expanded to include thousands of students from six continents and 400 schools. The Portfolio Challenge is a web-based simulated investment competition designed to serve as an educational...

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)

Tyler Wood, CMT

Tyler Wood serves as Managing Director of CMT Association with the aim of elevating investors’ mastery and skill in mitigating market risk and maximizing return in capital markets through a rigorous credentialing process, professional ethics, and continuous education. He is a seasoned business...

December in CMT Association history

Friday, December 17, 2004 – Association members David, Krell, Barry Sine, Ken Tower and Ralph Acampora went before the Securities and Exchange Commission (SEC) to defend technical analysis against the Sarbanes-Oxley Law that was passed in January of that year. This historic event led to the SEC accepting technical analysis as a legitimate body of knowledge in March 2005. Now the technical CMT designation...

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

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 technical analysis...

News from Around the CMT Association

Members on the Move

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

  • Lovekush Kumar, Assistant Manager at Motilal Oswal Financial Services Ltd
  • Tim Foli, CFP®, CMT, Portfolio Manager, Vice President at Regions Bank
  • Bryan Baratian, Analyst at Talson Capital Management LP
  • Steven E. Orr, Portfolio Manager at Elevate Capital Advisors
  • Aleksandar Bozic, Wiley Campus Ambassador at Wiley
  • ...
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

Marie Penza serves as the Director of Member Services for the CMT Association.