We are still talking about trade battles with China and an arguably inverted yield curve. Yes, there are other perennial thorns in the paw (Iran and North Korea) but they don’t have much market moving history. As June ended, we got a trade battle truce and the stock market soared. Imagine what will happen if something actually gets done!
I still have a problem with calling the yield curve inverted, as most of it is upward sloping. Only the three-month bill is out of whack as I write this on July 1 and that is rather tied to the Fed. Will they cut, or won’t they? Before the trade truce, fed funds trading had a rate cut for a certainty for this month. Now? Maybe not so certain.
What I can see that is problematic is that the entire curve shifted lower compared to a month ago. And a quick scan of some global debt shows a lot of fractional, and even negative, benchmark yields. All that cannot be good.
Yet gold is backing down to test its breakout. Again, I am writing on July 1 so you all will know how that went.
Bitcoin. Again. Technical analysts’ paradise, investors’ nightmare. When the prices for retro Air Jordans on the StockX sneaker exchange are more stable than the “currency of the future,” I like to watch from afar. The lyrics of Bob Dylan dance in my head – “When will they ever learn? When will they ev-er learn?”
This month, we have an interesting white paper excerpt from TrendSpider about their new raindrop charts. It attempts to give the TA a feeling for how the day or hour developed, similar to market profile, although chartable like candles. However, volume is incorporated as in a VWAP.
This month’s member interview is Les Williams, CMT, who has been active in the association for many years and in many roles. My own CMT certificate was signed by him when he was the Chair of the Admissions committee.
And the Millers are back with the fourth and final installment of their series on copyrights. Again, this is an important topic for anyone who publishes books, newsletters and even blogs.
We’ve got three Chapter speaker reviews from Atlanta, Denver and Minnesota. Our regular association member news. And a little career advice for newbies urging everyone to write, write, write, no matter how green you may be.
Michael Kahn, CMT
President’s Letter - Reflections on the Association Year 2018-2019by Scott G. Richter, CMT, CFA, CHP
Looking back on the last 12 months, I think we’ve logged a solid performance at the CMT Association. A few highlights that come to mind: Opening our India Office under Joel...
Why Aren’t You Writing?by Michael Kahn, CMT
When anyone asks me what they can do to get ahead in their chosen field, I have but one word for them – write. It does not matter what field you are in; technical analysis or auto detailing. And it...
Copyright Basics, Part 4by Joyce L. Miller & Dr. C. Daniel Miller
This is part 4 of a four-part series. Creative Commons In our previous three articles on copyright basics, we mentioned four categories that allow us to evaluate the need for copyright clearance. We...
Atlanta Chapter Speaker Reviewby Paul Wankmueller, CMT
What a turnout! About 40 members and guests filled the room at the University of Georgia Terry College of Business to hear a presentation featuring former CMT Association president Craig...
Member Interview with Les Williamsby Les Williams, CMT
Please tell us what you do professionally. I am a portfolio manager and technical analyst. How did you get there? It all started with a course in statistics where moving averages were applied to...
Denver Chapter Speaker Reviewby Jason Meshnick, CMT
The Denver Chapter was very excited to host Will Geisdorf, CMT of Ned Davis Research at our June meeting. Will’s presentation, entitled “Wall of Worry,” gave a thorough update of NDR’s...
Raindrop Charts ™ - Summary White Paperby Ruslan Lagutin
Please see the complete white paper here Compare Raindrops to other chart types here. — There are many different styles of charts used by financial analysts to illustrate changes in price...
Minnesota Chapter Meeting Reviewby Mahesh Johari, CFA
Jim Paulsen presented to the Minnesota Chapter on June 18, 2019. Jim is Chief Investment Strategist for the Leuthold Group and formerly held the same title at Wells Fargo. He...
Membership Newsby Marie Penza
The CMT Association would like to congratulate the following members on their new positions: Kevin Heffernan, CMT, Managing Director – Head of Sales & Trading at Beacon Securities...
Minnesota Chapter Meeting Review
New Educational Content This Month
December 6, 2023
Marrying Fundamental and Technical Analysis for Independent RIAs
Presenter(s): David Rath
November 22, 2023
Utilizing Trend & Mean Reversion in Breadth Studies to Gauge Market Conditions
Presenter(s): Victor Riesco
November 18, 2023
Beating the Bench
Presenter(s): Scott Brown, CMT