So far, this year has been dominated by the partial government shutdown. Does it affect the markets? Well, maybe indirectly. New issue IPOs are held up due to a lack of resources at the regulators. Tax refunds may be delayed, so investors might be a little cash tight. And most important of all, the shutdown and specter of a second downgrade of U.S. sovereign debt looms large. The deadline to raise or suspend the debt ceiling is just weeks away.
Volatility in stocks remains high, bitcoin seems to be fading from interest, and for the first time in a long while gold shows signs of life. Naturally, the flattish yield curve, Brexit, and slowing global growth made the pundits warn of gloom and doom. Don’t tell Mr. Dow and Ms. Nazzie (or their Brazilian cousin Bovie).
This month, the theme here centers on jobs. No, not jobs in the general economy, but jobs for technicians. We surveyed a group of technicians who took the plunge and went out on their own. After all, the number of direct, salaried jobs on the Street has dwindled – we’ve also got an article about a TA veteran who made that very point and told us what he did about it. The bottom line is that technical analysis is a very valuable skill to have, and where there’s a will, there’s a way to use it to make a living.
Next, Dan Russo, CMT, offers his views on risk management, which is a very important topic for all of us.
Of course, we’ve got news from around the association with chapter reports, CMT information, this month’s interview with George Schade, CMT and a review of the Mike Epstein Award presentation to Dave Lundgren, CMT, CFA by Julie Dahlquist, Ph.D., CMT.
– Michael Kahn, CMT
President's Letterby Scott G. Richter, CMT, CFA, CHP
Symposium Time: Learn – Connect – Grow The 2019 CMT Association Annual Symposium will take place April 4-5 in New York City. We will gather with 250-300 peers and thought leaders from...
What the Downfall of LTCM Taught Me About Risk Managementby Dan Russo, CMT
This article was originally published on ChaikinAnalytics.com last November and is reprinted here with permission. Let me share a cautionary tale about risk management. I will never forget the story...
Chicago Chapter Meeting Reviewby Jim Erdmier, CMT
2018 was a year of star-studded events for the Chicago CMT Association chapter, culminating on November 8th with JC Parets, CMT, of All Star Charts. Also presenting at the meeting was Tom Bruni, who...
Hanging Your Own Shingleby Michael Kahn, CMT
Far from being a roofer, hanging a shingle means opening an office or business, especially in a profession. In the first half of the 1800s, lawyers and later doctors and businesses, used shingles for...
A View of the TA Business from a Veteranby Michael Kahn, CMT
When asked what he thought about the career path for market technicians, industry veteran Rick Bensignor said, “I wouldn’t in a million years recommend anyone try to make a living simply doing...
Minnesota Chapter Meeting Reviewby Mahesh Johari, CFA
Fred Meissner, of the FRED Report, presented to our group on January 15, 2019. Fred has a 36-year career in investment finance spanning a variety of roles. His talk was about...
George Schade, CMT Interviewby George A. Schade, Jr., CMT
Please tell us what you do professionally. I am retired now from a 42-year career practicing law and serving as a trial court judicial officer. My involvement in technical analysis has chiefly...
Mike Epstein Awardby Julie Dahlquist, Ph.D., CMT
The Technical Analysis Educational Foundation awarded the 2018 Mike Epstein award to Dave Lundgren. Dave holds both the CMT and CFA designations and serves on the Board of Directors of the CMT...
2019 CMT Curriculum Textsby Stanley Dash, CMT
The 2019 CMT Program texts are now available from Wiley at https://www.efficientlearning.com/cmt/. This year, in addition to keeping the content robust and consistent with the goals of the CMT...
CMT Association Newsby Marie Penza
Membership The CMT Association would like to congratulate the following members on their new positions: Parningotan Julio Hutabarat, CMT, Senior Fund Manager at Pacific Capital...
A View of the TA Business from a Veteran
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