Technically Speaking, December 2019

Letter from the Editor

November proved to be an interesting month for the markets. Just before the market burped up a post-Thanksgiving 2% pullback, the Russell 2000 finally broke out from its 2019 range. False hope? Recession time? Once again, the sloth (look it up) of bearish economists was out with the utterly useless prediction that a recession was coming by the end of 2021.  Thanks for the heads up, fellas. Have you seen a price chart?

I keep a collection of equally dim-witted headlines. Last month’s favorite was “Don’t Time the Market, but If You Do, Here’s When the Bear Might Come Knocking.”

Do as I say, not as I do.

Gold is still correcting, Oil showed a little stealthy increase, the dollar looks a little shaky and apparently Europe is still so bad that the ECB is dipping back in the QE well…Because it worked so well the last time.  Again, have they ever seen a price chart?

This month in Technically Speaking, we’ve got part three of Bruno DiGiorgi’s History of Wall Street, and George Schade, CMT, continues the history theme with a story about preserving the technical analysis of legend Edmund W. Tabell.

This month’s member interview is with Stanley Dash, Program Director of the CMT program and a well-established technician in his own right. You may know him as a technical educator at TradeStation, where he spread the gospel.

New York, Minnesota and Richmond chapters weigh in with reviews of their recent speakers. Hey other chapters who are not Northern Ohio and Chicago, can you help a TA brother out with reviews of your own?

In addition to all this, you can find Association news, congrats to new CMTs and another job posting all inside.

If you’ve got a book out, let us know so we can tell everyone. Also, if you are hiring technicians, we can post that here.

And one more time, I ask members to submit articles they’ve written (not forecasts but methods) or write something new to share your knowledge with the group. If you are new, this is a great way to develop your chops as an analyst and a writer.

Yes, I am begging for content! It’s your Association. Get involved.

To all, a joyous and profitable end of the year. See you back here in 2020.

Michael Kahn, CMT

Editor

What's Inside...

The 47th Annual CMT Association Symposium 2020

With the 47th Annual Symposium approaching, and the early registration pricing deadline looming on Wednesday the 18th, we’ve compiled...

Read More

CMT Indian Summit – Success!

I would like to congratulate our Indian Office for a successful 2019 Summit!

There were...

Read More

Inspiration for Posterity - Preserving the Rich History of Technical Analysis

Recently, longtime CMTA member Ken Tower introduced a group of us to the website http://tabellmarketletter.com. The pages contain a...

Read More

New York Chapter Speaker Summary

On Wednesday, November 20th the New York Chapter hosted Gina Martin Adams, CMT, Chief...

Read More

Member Interview – Stanley Dash

Please tell us what you do professionally.

I currently serve as Program Director of the CMT program here at...

Read More

Richmond Chapter Speaker Review

Katie Stockton, CMT, founder and managing partner of Fairlead Strategies, presented to the Richmond...

Read More

The History of Wall Street

This is the third installment of a rerun of a periodic series chronicling the history of the street. The series...

Read More

Minnesota Chapter Speaker Review

The Minnesota CMT Chapter’s November meeting featured Harry J. Campbell III of LayLine Asset Management, Inc.  Harry started his career...

Read More

Members in the Media

The sixth edition of Perry Kaufman’s Trading Systems and Methods was published by Wiley in November. This book, which has...

Read More

Job Posting

Financial Market Newsletters Writers/Analysts

True Market Insiders

We are a publisher of subscription-based online financial market research articles, hiring...

Read More

Membership News

Members on the Move

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

Robert Varghese,...

Read More

The 47th Annual CMT Association Symposium 2020

With the 47th Annual Symposium approaching, and the early registration pricing deadline looming on Wednesday the 18th, we’ve compiled a few highlights from previous interviews with longtime members featuring personal stories and testimonies about past Symposiums.

“I found the conferences especially valuable in meeting other technicians and as learning experiences,” said Richard Dickson, recounting Association benefits he most enjoyed.

Les Williams, CMT, told...

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...

President's Letter

CMT Indian Summit – Success!

I would like to congratulate our Indian Office for a successful 2019 Summit!

There were so many positives:

  • Over 200 attendees
  • Top Technical Analysis speakers and practitioners with great content
  • Formed many new partnerships with academic institutions and individual students
  • We enjoyed a wonderful and supportive set of sponsors
  • Experienced significant media exposure
  • Summit attendees were treated to...
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...

Inspiration for Posterity - Preserving the Rich History of Technical Analysis

Recently, longtime CMTA member Ken Tower introduced a group of us to the website http://tabellmarketletter.com. The pages contain a treasure trove of historical materials and exemplify what market technicians can and should do to preserve the history of our discipline.

Tabell Market Letter is an internet archive of 48 years of weekly stock market technical letters written by Edmund W. Tabell (1904-1965) and...

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)

George A. Schade, Jr., CMT

George A. Schade, Jr., who holds a Chartered Market Technician (CMT) designation, has written extensively about the people and innovations that have advanced the field of technical analysis within financial markets. A member of the CMT Association since 1987, he has written about...

New York Chapter Speaker Summary

On Wednesday, November 20th the New York Chapter hosted Gina Martin Adams, CMT, Chief Equity Strategist and Director of Global Equity Strategy, ETF and ESG Research at Bloomberg Intelligence. Her presentation was entitled “Equity Market Outlook: When will the bell ring on the bull market?” and discussed what today’s evidence suggests is in store for the year...

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

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...

Member Interview – Stanley Dash

Please tell us what you do professionally.

I currently serve as Program Director of the CMT program here at the CMT Association.  The curriculum and the exams fall under my purview.  Of course, I don’t do all that in a vacuum.  In addition to my colleagues on staff, three groups of members are essential to this process.  The Curriculum and Test Committee has...

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)

Stanley Dash, CMT

Stanley Dash is the CMT Program Director at the CMT Association, a global credentialing body. In this role, Mr. Dash works with subject matter experts, candidates, and the Association’s members to maintain and improve the curriculum, the test experience, and the value...

Richmond Chapter Speaker Review

Katie Stockton, CMT, founder and managing partner of Fairlead Strategies, presented to the Richmond CMT Association Chapter and the University of Richmond Technical Analysis class on November 20, 2019.

We had a great meeting and Katie is very supportive of her alma mater, the University of Richmond, coming back each year to guest lecture to Professor Greg...

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)

J. Cody Tafel, CMT, CAIA

Cody Tafel is an Investment Strategist within TSW Strategic Advisory. Cody’s focus is on asset allocation, investment strategy and business development. Cody brings extensive global market knowledge that helps our investment team and clients connect the dots between the macro environment and...

The History of Wall Street

This is the third installment of a rerun of a periodic series chronicling the history of the street. The series originally ran in Technically Speaking beginning in September 2000.

Here is the first of two Manhattan melodramas for your consideration. It’s a story of an out-of-towner who, after showing up in Manhattan, has his only form of transportation burned to the ground, is forced...

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)

Bruno DiGiorgi

Minnesota Chapter Speaker Review

The Minnesota CMT Chapter’s November meeting featured Harry J. Campbell III of LayLine Asset Management, Inc.  Harry started his career at Kerber Financial, continued at Dougherty & Company, and then formed LayLine in 2014.

The topic was intermarket analysis: how relationships between four major markets can give insights into each individual market.  Harry identifies the major four markets as interest rates, foreign exchange, commodities,...

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)

Jamie Keelin, MBA, CMT

Jamie Keelin, who holds a Chartered Market Technician (CMT) designation, is the Chief Investment Strategist at Frazer Bay Investments, LLC, which offers investment strategies that are based on tactical asset allocation (TAA), a dynamic investment strategy that actively adjusts a portfolio’s asset...

Members in the Media

The sixth edition of Perry Kaufman’s Trading Systems and Methods was published by Wiley in November. This book, which has been used as a definitive reference on trading systems for more than 30 years, garnered significant praise upon its latest release. Portions of Kaufman’s work are included in the CMT Program curriculum and may appear on the exams.

Trading Systems and Methods, Sixth Edition...

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)

Perry J. Kaufman

Perry J. Kaufman writes extensively on markets and strategies. He began his career as a “rocket scientist,” first working on the Orbiting Astronomical Observatory (OAO-1), the predecessor of the Hubble Observatory, and then on the navigation for Gemini, later used for Apollo...

Job Posting

Financial Market Newsletters Writers/Analysts

True Market Insiders

We are a publisher of subscription-based online financial market research articles, hiring market analysis writers for our growing list of 60,000 subscribers, which includes DIY investors and investment pros.

If you have writing skills that go above and beyond technical analysis or if you have a marketing background or interest in marketing then it’s a major...

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)

Marianna Tessello

Marianna Tessello served as the CMT Association’s digital producer from 2018 until 2021. She was responsible for the management of most of the association’s front-end digital assets during that time, including social media production, current website information and updates, and various communication...

Membership News

Members on the Move

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

Robert Varghese, CMT, EVP, Portfolio Strategy & Management at Banyan Investment Group

Dan Shkolnik, CMT, Director, CPMS Sales (Equity Strategies) at Morningstar

Joshua I Wilson, CMT, Chief Executive Officer at Lake Point Advisory Group

Charles Kubiak, CMT, Software Crafter at 8th Light

 

Updating Your Profile

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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.