LETTER FROM THE EDITOR
Many of us have been planning to attend the MTA’s Annual Symposium and February might be the time to start acting on those plans. According to a study done by CheapAir.com:
In 2014, [we] amassed [a database of] 1.5 billion airfares as we watched 4,986,522 trips, recording the lowest fare for each trip every day from 320 days in advance up until one day before flight time. It’s a treasure trove of cool info if you’re an airfare geek; or, a curious use of terabytes, if you’re anybody else.
Since the majority of questions we get asked every year start with “When is the best time to book my flight to…”, the first thing we always do with this data is determine, on average, how far in advance should you book your flight to get the lowest fare.
This year, for domestic flights, the answer is 47 days.
This is actionable market data and there’s even a chart that shows now is the time to start watching airfares for those flying to New York which will kick off on April 6, 2015 and run through April 8. You can learn more about the Symposium here and I hope to see many of you there.
In addition to Technically Speaking, the MTA provides actionable ideas at chapter meetings and at the Annual Symposium. It’s time for many of us to start planning for that meeting. It will be held in New York City.
In the rest of the magazine, we provide you with more traditional market analysis. As always, please let us know what you’d like to see in future issues of Technically Speaking by emailing us at firstname.lastname@example.org.
TALKING NUMBERS: TECHNICAL Vs. FUNDAMENTAL INVESTMENT RECOMMENDATIONSby Doron Avramov & Guy Kaplanski & Haim Levy
Editor’s note: this paper compares the opinions of technical analysts with those of fundamental analysts using forecasts made on a CNBC show. The complete paper can be found at SSRN and was the...
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Editor’s note: this was originally published by Intalus as a “How to” guide for Tradesignal users. It is reprinted here as a review of basics for CMT candidates and other members wanting a...
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Editor’s note: This article was originally published at the Global Financial Data blog and is reprinted here with permission. At the beginning of 2015, the British government had £2.59 billion in...
WHO ATE JOE'S RETIREMENT MONEY? SEQUENCE RISK AND ITS INSIDIOUS DRAG ON RETIREMENT WEALTHby Peter Chiappinelli & Ram Thirukkonda, CFA
Editor’s note: this was originally published at GMO’s web site in August 2015. The full paper can be found there. Summary Defined Contribution (DC) plan participants are haunted by an invisible...
RETHINKING INVESTMENT PERFORMANCE ATTRIBUTIONby Jagdeep Singh Bachher & Leo De Bever & Roman Chuyan & Ashby Monk
Editor’s note: this was one of the most widely read papers at SavvyInvestor.net in 2015. It was originally published in the Rotman International Journal of Pension Management (Volume 7, Issue 2,...
BLOOMBERG BRIEFS: CHARTS THAT SHOW GLOBAL STOCK MARKETS ARE TEETERING AT KEY SUPPORT
Editor’s note: this originally appeared in Bloomberg Briefs on January 21, 2016 and is extracted below. The MSCI World Index is one of six major stock indexes that have broken, or are testing, key...
ETHICS CORNER: WHAT CAN I SAY ABOUT THE CMT EXAM ON MY RESUME?
This might be the most frequently asked question related to ethics – what can I say about my participation in the CMT program on my resume? Candidates in the program want to know how to provide...
AMBA: THE FULL CYCLE OF TRADE
Ambarella, Inc. (AMBA) by far was 2015’s ‘everything’ trade. Never can I remember a single stock doing so much in one year from a bull and bear perspective. There was literally something for...
CHART OF THE MONTH
Editor’s note: Crestmont Research maintains charts on a number of fundamental data series. Much of this data can be applied by technical analysts. P/E ratios and dividend yields can be interpreted...
New Educational Content This Month
June 29, 2022
The Institutional Use of Technical Strategies
Presenter(s): Brennan Basnicki, CFA, CMT
June 15, 2022
How You Can Benefit from Little Known Seasonal and Cyclical Patterns
Presenter(s): Dimitri Speck
May 11, 2022
Clearing Away the Clutter
Presenter(s): Greg Schnell, CMT, MFTA