Well gang, we made it. The New Year is here and 2020 is in the rear-view mirror. I hope we all learned something, and that includes something about market behavior.
Although the stock market ended at all-time highs, it was a rather lackluster December with not much in the way of enthusiasm. Of course, we can come up with all sorts of excuses, such as politics, pandemics (not to make light of it) and payments (stimulus, or lack thereof). This did not matter, as Santa came a-calling and stocks came out of the gate at full gallop. Bitcoin at $42,000. Nothing to see here, bubbleheads. Maybe a breakout in bond yields might get you worried? Move along. How about Tesla? Who cares, as long as the Russell is outperforming?
You can take away what you like from all of that. Most of us, of course, will let the charts tell us when something is changing.
The January edition of Technically Speaking is Association-centric, with news of and about our membership and activities. Topping the list is the inaugural edition of our new official podcast, Fill the Gap, featuring first Association president Bob Farrell. We even have an old photo of Bob in the Photo Archive this month.
Also, read about the Academic Partner Program, as we expand the presence and teaching of technical analysis at the university level. And don’t forget, nominations for new Directors of the Association are now open. This is a good time to network and find out who can help steer the Association for the next few years.
This month’s member interview is with Jeff Weiss, CMT, who many members know as an energetic speaker and educator, not to mention a pretty good technician. We’ve got the regular Association news, including some career opportunities, a chapter speaker summary and announcement of the upcoming Weath365 Summit, where several of our members are speaking and all members are welcome at no cost.
Don’t forget, we are always looking for contributed articles and you can repurpose something you’ve already written. Just limit it to education, market environment or the business of being a technician. Market forecasts do not age well. We are always here at editor@cmtassociation.org.
Michael Kahn, CMT
Editor
What's Inside...
President’s Letter
by Scott G. Richter, CMT, CFA, CHPCMT Association Value – Part II First – I would like to wish all of our members and friends a belated Happy New Year! It is my desire that 2021 be filled with health, friendship and prosperity...
Applications for New Association Directors
by Salma Abdulla, CFA, CMTThe Governance Committee of the CMT Association Board of Directors is now accepting applications for new Directors for the fiscal year commencing July 1, 2021. The Board is seeking to build a...
Wealth365 Summit - January 18-23
by Barbara Terry2020 brought unprecedented market volatility, with the fastest-ever 35% market decline and subsequent fastest recovery to new highs. And with a powerful rotation from mega-cap tech to small-cap and...
Academic Partner Program
by Tyler Wood, CMTThe CMT Association has been working for nearly 50 years to advance the discipline of technical analysis through education and application of the highest professional standards. In an effort to...
Opportunities from Core London TV and WealthCharts
by Marianna TesselloCore London: Share your market analysis and build awareness for your research Core London is looking for professional technical analysts who hold the CMT charter to contribute to a daily video...
Fill the Gap Podcast Now Streaming
by David Lundgren, CMT, CFAThe official podcast of the CMT Association is now streaming! The inaugural edition features special guest Bob Farrell, who discusses lessons for every market analyst and money manager on the...
Member Interview With Jeffrey S. Weiss, CMT
by Jeffrey S. Weiss, CMTPlease tell us what you do professionally. Presently, I am Chief Technical Analyst at Clearview Trading Advisors where I publish a market letter and interim reports. The luck I’ve had in attracting...
CMT Photo Archive
by Michael Kahn, CMTThis is an occasional series revisiting the Association in pictures. With shelter-in-place orders reemerging and our transition to online-only member programming, we’d like to offer a glimpse of...
Membership News
by Marie PenzaMembers on the Move The CMT Association would like to congratulate the following member on his new position: Louis R. Civitarese, Chief Investment Officer at GA Investment Management Updating Your...
CMT Association Value – Part II First – I would like to wish all of our members and friends a belated Happy New Year! It is my desire that 2021 be filled with health, friendship and prosperity for all. To the extent there are challenges, it’s my hope they are great learning experiences for us and make us better than we were before. I’d like to continue on with my thoughts about our awesome organization and the value of being a member. As you may recall – we shared thoughts on camaraderie, elevated learning, professional status, and personal growth. In my mind – these four value areas focus more on you as a person. The values we’ll share today focus more on your role and development in a larger financial ecosystem. The fifth value is powerful networking. The CMT Association opens many doors to building your network and brand as a global financial
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 the co-manager...
The Governance Committee of the CMT Association Board of Directors is now accepting applications for new Directors for the fiscal year commencing July 1, 2021. The Board is seeking to build a pipeline of future leaders by identifying members who can help move the Association forward. Directors-at-Large serve a three-year term. In addition to the skills necessary to fulfill the obligations of the role and the desire to serve in a volunteer capacity to help further the mission of the CMT Association, applicants/nominees should exhibit the following characteristics: PASSIONATE Have a passion for technical analysis and furthering the mission of the CMT Association POSITIVE Encourage a positive and collaborative debate and discussion with a diverse group of volunteer leaders PRESENT Able to participate in regular conference calls, serve on various committees, as well as attend the Annual Symposium and other events during the year PROACTIVE Be an active participant in discussions, bringing past experiences from inside and outside the
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)

Salma Abdulla, CFA, CMT
Salma Abdulla, CFA, CMT is a Portfolio Manager for E. Magnus Oppenheim & Co., Inc. She joined the firm in 2005 and is responsible for equity research and portfolio management. Prior to joining E. Magnus Oppenheim & Co., Inc., Salma worked as a Proprietary Futures Trader...
2020 brought unprecedented market volatility, with the fastest-ever 35% market decline and subsequent fastest recovery to new highs. And with a powerful rotation from mega-cap tech to small-cap and cyclical sectors, the Russell 2000 small-cap index registered its best quarterly performance since 1979 to end the year. There has never been a more important moment for technical analysis. As part of the CMT Association, you are invited to take advantage of your free registration to the Wealth365 Summit. We encourage everyone with an interest in advancing the discipline of technical analysis to join the CMT Association at this online trading and investing summit. Thanks to a longstanding affinity and the generous spirit of Rob Hoffman, the CMT Association has been invited to present at this unique online event. We will be sharing some of the industry trends we’ve observed throughout 2020 with regard to career opportunities as well a few of the
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)

Barbara Terry
Barbara Terry is the CMT Association's volunteer coordinator, based in New York. She has close to 20 years of experience in large-scale project management and account management roles, and is an invaluable resource for the CMT Association's event planning team. Barbara...
The CMT Association has been working for nearly 50 years to advance the discipline of technical analysis through education and application of the highest professional standards. In an effort to advance our mission, the CMT Association has established an Academic Partner Program to promote technical analysis education at colleges and universities worldwide. The program is available to academic institutions that provide accredited graduate or undergraduate finance degrees and include courses focused on technical analysis. There are no fees associated with becoming an Academic Partner. The Indian volunteer committee, led by Joel Pannikot, has added several schools to the Academic Partner Program in 2020, rounding out the participation to ten schools across India. In addition, Glenn Williams, CMT and Tyler Wood conducted a technical analysis workshop and open discussion with the students of the Financial Management Association (FMA) at the Mike Ilitch School of Business at Wayne State University in November. This endeavor
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...
Core London: Share your market analysis and build awareness for your research Core London is looking for professional technical analysts who hold the CMT charter to contribute to a daily video project which is delivering around 80 million video views per month across financial websites like StockTwits, Finviz and Street Insider. Each video currently generates between 750k-900k views on average and the list of publishers is expanding in 2021. Participants gain tremendous exposure and will given a professionally-produced video that they can use for their own website or social channels. Examples: https://youtu.be/oeVi9rT2-78 & https://www.youtube.com/watch?v=JrnzwhM2qy8 The Ask: Each video is between 3-5 minutes in length and recorded as a ‘to camera’ Zoom or Skype presentation. Core London TV’s post production team will edit in charts and graphics after the recording. US equities are the preferred asset class to be covered as their distribution partners target a US audience. That said, CoreLondon TV would be happy for
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...
The official podcast of the CMT Association is now streaming! The inaugural edition features special guest Bob Farrell, who discusses lessons for every market analyst and money manager on the street. In this captivating episode, hosts Tyler Wood and David Lundgren chat with Bob about his incredible career, touching on diverse influences including Graham and Dodd, William Dunkak, and the myriad of talented analysts who joined his team at Merrill Lynch. Bob discusses the circuitous path that shaped his approach to markets, but also the environment that led to the formation of the Market Technicians Association (CMT Association) and his stewardship as the first President. Digging deeper into the process and tools of Bob’s analysis, he discusses that despite how much markets have changed structurally in his 60+ years on the street, the discipline of technical analysis as it pertains to understanding the behavior of the market and the objectivity to take
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)

David Lundgren, CMT, CFA
David Lundgren has more than three decades of investment industry experience, with a focus on technical analysis strategies, particularly momentum and trend following. He is the former Director of Technical Research at Wellington Management, where he was also a...
Please tell us what you do professionally. Presently, I am Chief Technical Analyst at Clearview Trading Advisors where I publish a market letter and interim reports. The luck I’ve had in attracting a large crossover audience for my technical analysis work revolves around making it less “technical,” injecting high energy, the entertainment factor, and motivation/history, and tying it to risk management. I also discuss and present about constructing a psychological investing profile. I also have student curriculums, and believe that the rules of investing can be used as a roadmap for life. How did you get there? My investment spark was kindled back in 1969, when my dad would bring me to the local Shearson-Hammill branch office around the time I had to do a stock market project for my sixth-grade math class. The quote machine at the time was a Bunker Ramo, on which you could get one quote at a time 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)

Jeffrey S. Weiss, CMT
Jeffrey Weiss, CMT, is chief technical analyst at Clearview Trading Advisors in New York City. His new book is “Relationship Investing: Stock Market Therapy for Your Money,” (Skyhorse Publishing, 2017). Find out more about the author at www.aaii.com/authors/jeffrey-weiss....
This is an occasional series revisiting the Association in pictures. With shelter-in-place orders reemerging and our transition to online-only member programming, we’d like to offer a glimpse of in-person events as a reminder of what we aspire to in the future. If you have any pictures from seminars, meetings or after work get-togethers please submit them (in digital form, if possible) and include the date, location, and people in the photo. Better yet, if you remember presentations or topics of conversation that relevant to the current markets, let us know. There’s nothing like revisiting market history as it relates to the current environment. Some photos lost to the fuzzy memories of time. From Conferences Unknown Pictured: Bob Farrell and Peter Vermilye Bob Farrell is the legendary technician from Merrill Lynch and first Association president. He is featured in the inaugural edition of Fill the Gap, the official podcast of the CMT Association, now streaming. Peter
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...
Members on the Move The CMT Association would like to congratulate the following member on his new position: Louis R. Civitarese, Chief Investment Officer at GA Investment Management Updating Your Profile Please take a few minutes to login to the website and update your profile information; if you are a CMT candidate, be sure to include your telephone number in case Prometric needs to contact you about your exam appointment. To update your profile, login to the CMT website and under My CMT select My Account. On the following page, under My Account select Edit My Information. Your cooperation is greatly appreciated! CMT Early registration for the June 2021 test administration is now open, standard registration will start on February 9th and last until April 12, 2021. Be sure to register early and take advantage of early registration prices. The Level I & II exams will take place June 3-13, 2021 and Level III will take place
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
New Educational Content This Month
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September 13, 2023
Charting and Analysis in Today’s Equity Markets
Presenter(s): Anthony F. Esposito, CMT
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September 6, 2023
Market Trend Analysis
Presenter(s): Stephen W. Bigalow
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August 30, 2023
Two New Oscillators – Volume Zone and Price Zone
Presenter(s): David Steckler