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Technically Speaking, July 2020

The summer doldrums are upon us but given the slowdown in economic activity, it is hard to tell the difference. The pandemic remains topic one, while politics is creeping higher up the list. How will stocks do if Red wins? Or if Blue wins? Or if the rapper is actually serious? As technical analysts, fortunately we don’t have to worry too much about all that. The market will sniff it out for us and it will be our job to read the signals it provides. How have you all been coping with the socially distanced, everybody has cooties, world? We’d like to know so send in a few notes to us here at editor@cmtassociation.com. What are your clients doing differently? What are their views? Are you working from home? How has your business changed? And what can the Association do to help you? Our President, Scott Richter, offers up some resources in his note within. However, due to last minute editing issues, we are without a feature article this month. Perhaps you, dear member, would like to submit something? As long as

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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.

What's Inside...

Break So Not to Break

by Scott G. Richter, CMT, CFA, CHP

It is my sincere hope that each of you is safe and well.    I wanted to reach out to you and suggest that you “Break, so Not to Break,” as a little reminder from me to you to take...

NY Chapter Virtual Meeting Summary

by Tom Bruni, CMT

On Thursday, June 11, 2020, the New York Chapter hosted a panel discussion and virtual happy hour with three distinguished Chartered Market Technicians; Paul Ciana, Dan Russo, and J.C. Parets. This...

India Chapter Meeting Summary

by Joel Pannikot

The India chapter of the CMT Association held a virtual meeting on June 27. COVID-19 has severely affected the real economy in India. At the same time, it pushed all financial markets professionals...

Northern Ohio Chapter Meeting Summary

by Kevin C. Pietrzyk, CMT

The Northern Ohio Chapter of the CMT Association held a virtual meeting, “Tools for Navigating Volatility and Managing Uncertainty,” on June 24, with guest speaker Katie Stockton, CMT...

Member Interview

by Robert Peirce

Please tell us what you do professionally. I’m retired now but I used to be the chief portfolio manager for Cookson, Peirce. How did you get there? I went to work for the B&O Railroad in...

New Academic Partnerships Introduce More Students to Technical Analysis

by Barbara Terry

Over the past several months, the CMT Association has been hard at work presenting to various financial and academic institutions about the Academic Partner Program (APP). Selection for the CMT...

Membership News

by Marie Penza

Members on the Move The CMT Association would like to congratulate the following members on their new positions: Robert Philip, Senior Technical Analyst & Market Strategist at Saigon Securities...

New Educational Content This Month

In the past few weeks, we’ve hosted new webcasts as well as uploaded recordings of our virtual meetings. If you weren’t able to attend a meeting, check our archives for the recording after it’s over! Among others, we’ve added Richmond, Mumbai and New York recently.

Break So Not to Break

Break So Not to Break

It is my sincere hope that each of you is safe and well.   

I wanted to reach out to you and suggest that you “Break, so Not to Break,” as a little reminder from me to you to take care of your physical and mental health during this health challenge known as COVID-19. 

Over the last several months, I have been joking around with friends, family, and colleagues by saying I am working twice as many hours and getting half as much sleep! I am kidding … but also I’m not. It is a disguised message that I’m facing a mountain of mental stress. It’s the touch-in meetings, the Zoom meetings, the Board meetings. It’s working from home, it’s social distancing, it’s masks. It’s the financial pressure, the uncertainty, the overload. It’s our health and the health of loved ones. It’s the information, the misinformation, and it’s too much of both.

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 Richter, CFA, CMT, CHP

Scott G. Richter, CMT, CFA, CHP

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NY Chapter Virtual Meeting Summary

NY Chapter Virtual Meeting Summary

On Thursday, June 11, 2020, the New York Chapter hosted a panel discussion and virtual happy hour with three distinguished Chartered Market Technicians; Paul Ciana, Dan Russo, and J.C. Parets. This casual-style meeting allotted each presenter 15-20 minutes to share their views on the market environment, with moderator Tyler Wood reading questions from the chat along the way. The last 30 minutes of the meeting was dedicated to any remaining questions and friendly banter between the panelists.

First up to present was Tyler Wood, Managing Director of Global Business Development at the CMT Association. Before introducing the panelists, Tyler discussed some of the major changes the organization is making to exams, chapter meetings, and events as a result of the COVID-19 pandemic. The next exam window for those interested is December 1-15, 2020 and registration is now open.

Dan Russo, co-chair of the NY Chapter and Chief Market Strategist at Chaikin Analytics,

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)

Tom Bruni, CMT

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India Chapter Meeting Summary

India Chapter Meeting Summary

The India chapter of the CMT Association held a virtual meeting on June 27.

COVID-19 has severely affected the real economy in India. At the same time, it pushed all financial markets professionals to adopt digital teleconferencing tools. This has given us opportunities to engage with members in a far more efficient manner. Virtual meetings allow speakers, members and guests from across the country to get together and share.

Virtual meetings in India follow a standard format. A fireside chat where a senior charterholder from India speaks with a guest about their technical analysis journey, and the lessons they have learned along the way, followed by a CMT charterholder who speaks about the work they are doing. Then, a CMT Association staff member delivers a “State of the Association” address, and a guest speaker closes the day with a talk on their investment process.

For the June 2020 India Virtual Meeting, the session

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)

Joel Pannikot

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Northern Ohio Chapter Meeting Summary

Northern Ohio Chapter Meeting Summary

The Northern Ohio Chapter of the CMT Association held a virtual meeting, “Tools for Navigating Volatility and Managing Uncertainty,” on June 24, with guest speaker Katie Stockton, CMT (Founder and Managing Partner of Fairfield Strategies, LLC). The markets the day of the meeting were volatile, which allowed for a very informative and interesting presentation. She covered how she uses technical analysis to identify market trends, and using specific concepts and tools to stay on the right side to provide short-, intermediate-, and long-term forecasts for clients.

Using multiple charts as examples, Katie described what she saw in each of them: support, resistance, trend lines and momentum. She fielded specific questions on stocks from the audience. When asked about predicting markets during the election cycle, Katie replied that she plans on just using price action and the technicals to see how markets react.

It was a pleasure having Katie present for our chapter,

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)

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Member Interview

Member Interview

Please tell us what you do professionally.

I’m retired now but I used to be the chief portfolio manager for Cookson, Peirce.

How did you get there?

I went to work for the B&O Railroad in 1964.  I had an EE degree from Carnegie Tech and went into their management training program.

By late 1965, everybody was getting interested in the market so I decided to take a look.  My first and only broker was George Fugler, who was with Merrill Lynch at the time, before moving to Walston, in Baltimore.  He introduced me to Edwards & Magee, along with Don Worden and Sedge Coppock.  Later I discovered Marty Zweig, Larry Williams and a number of other folks who at that time were actually doing and publishing research.  Essentially, I’m self-taught.

I was in Operations Research at the time but was able to get transferred to the Finance Department in Cleveland.  Unfortunately, this was a

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)

Robert Peirce

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New Academic Partnerships Introduce More Students to Technical Analysis

New Academic Partnerships Introduce More Students to Technical Analysis

Over the past several months, the CMT Association has been hard at work presenting to various financial and academic institutions about the Academic Partner Program (APP). Selection for the CMT Association’s Academic Partner Program signifies a strong commitment to students’ career readiness and applied learning. Institutions that join the Academic Partner Program demonstrate academic rigor in financial courses ranging from quantitative methodologies to behavioral finance, as well as portfolio management and other key aspects of technical analysis.

We are proud to announce that in the past two months, we have partnered with Fintech Institute in Vietnam, Messiah University in Pennsylvania, and Wall Street Bound in New York City.

Professor Dwayne Safer  of Messiah University will be teaching the CMT curriculum in his Financial Management and Investment classes.  Messiah University is a top-ranked private university of the liberal and applied arts and sciences in central Pennsylvania, just 12 miles from the state capital of

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

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Membership News

Membership News

Members on the Move

The CMT Association would like to congratulate the following members on their new positions:

Robert Philip, Senior Technical Analyst & Market Strategist at Saigon Securities Inc

Dan Draper, CMT, Chief Executive Officer at S&P Dow Jones Indices

Ankur Aggarwal, Client Solutions at FactSet

CMT

The CMT Association now offers Remote Proctoring for the exams, starting with the December 2020 test administration. For more information about remote proctoring, please click on the following link:  https://cmtassociation.org/chartered-market-technician/cmt-exams-remote-proctoring/. We expect that remote proctoring will remain an option for test-takers in the future.

Candidates have the choice of taking the exam at a Prometric test center or scheduling an appointment for remote proctoring.  Be sure to test your computer before scheduling a remote proctoring exam using the above link.

If you have completed the CMT Level III exam or are presently registered to take the exam in December, and have the necessary professional work experience, do not forget

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

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New Educational Content This Month

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