LETTER FROM THE EDITOR
This year’s Annual Symposium will focus on the fusion of technical analysis with fundamental valuation, behavioral finance, macroeconomics and quantitative methods. The work of three of the scheduled speakers is included in this month’s newsletter.
Steven Leuthold explains his investment strategy for the next year and readers can ask him for an update in April at the Symposium. Steve is the only individual who has received the
Charles H. Dow Award from the MTA and the Graham and Dodd Scroll Award from the CFA Institute. Dr. Ben Hunt relies on game theory to understand the markets and the economy. Dr. Tucker Balch, a featured speaker, presents the results of research into buying and selling by company insiders that he completed with Scott Strong. Insider trading information is a form of sentiment analysis that technical analysts have used for many years.
We also have several other articles this month including Tom McClellan’s look at VIX ETNs and John Bougearel’s review of the current state of the market. Tom presents facts to demonstrate why long-term investors should avoid an ETN that is designed specifically for short-term traders. John presents some interesting chart patterns and provides a forecast based on technicals and fundamentals. He includes an overview of the macroeconomic environment that exists now and at several key turning points in the market. Please send any feedback or work you’d like to share through the newsletter to firstname.lastname@example.org.
2014 OUTLOOKby Steve Leuthold
Editor’s note: This is a reprint of a letter to clients which discusses successes and missteps along with an investment strategy for the future and is reprinted here with permission. For most...
IT WAS BARZINI ALL ALONGby Ben Hunt
Editor’s note: This was originally published in a newsletter by Ben Hunt and is reprinted here with permission. “Tattaglia is a pimp. He never could have outfought Santino. But I didn’t know...
VIX ETN NOT RIGHT FOR INVESTORSby Tom McClellan
Editor’s note: This was originally published as a Chart in Focus by McClellan Financial Publications on January 02, 2014 and is reprinted here with permission. In the Dec. 16, 2013 issue of Forbes...
ASSESSMENT OF INSIDER TRADING INFORMATION FOR INVESTMENT STRATEGIESby Scott Strong & Tucker Balch, Ph.D.
Editor’s note: This was previously published at The Augmented Trader and is reprinted here with permission. Dr. Balch will be a presenter at the MTA Annual Symposium in April. This paper...
INTERVIEW WITH BRUCE KAMICH, CMTby Bruce Kamich, CMT & Amber Hestla-Barnhart
How would you describe your job? My job and current passion is teaching technical analysis (TA). I am an adjunct professor of finance at Baruch College in New York City. Every semester I work hard to...
NY FED MODELS FORECASTING EXCESS RETURNS THROUGH 2018 ENCOUNTER THE YEAR OF THE HORSE, VALUATION MEAN REVERSIONS, & GEORGE LINDSAY’S THREE PEAKS AND A DOMED HOUSEby John Bougearel, CMT
The NY Federal Reserve has an equity research department. Their research department determined in 2013 that “stocks are cheap” and investors should enjoy “excess high returns” in an...
New Educational Content This Month
October 22, 2021
Systematic Multiple Time Frame Investing
Presenter(s): Bill Kelleher, CMT, CFA
October 20, 2021
Volume Analysis Series (Part 3): Volume Analysis with Indexes
Presenter(s): Buff Dormeier, CMT
October 13, 2021
Understanding Market Internals to Identify Turning Points
Presenter(s): Mike Hurley, CMT