LETTER FROM THE EDITOR
Technical analysis has always been focused on the application of knowledge. In the early editions of Edwards and Magee’s Technical Analysis of Stock Trends, they focused on how to trade chart patterns. But these pioneers of the field also included a theory explaining why the pattern should work. While applying the ideas of technical analysis is still the important consideration to practitioners, many academic researchers are working to uncover why the techniques work. In this month’s newsletter, we provide articles highlighting both the application of technical analysis and the research that technical analysis is stimulating in the academic community. This month’s newsletter also includes a summary of Tom Dorsey’s presentation at the Annual Symposium. The Symposium truly does provide a year’s worth of ideas and we will be presenting summaries of those ideas in the months ahead. Videos of this year’s presentations and the previous four years are available at http://symposium.mta.org/ and can be viewed at anytime.
As always, we welcome your feedback. Please let us know what you think of Technically Speaking, the MTA magazine, by emailing us at firstname.lastname@example.org.
RELATIVE STRENGTH: A CORNERSTONE OF TECHNICAL ANALYSISby Tom Dorsey & Michael Carr, CMT
Tom Dorsey opened the 2015 Annual Symposium with a presentation on the process that helped him build a $6 billion asset management firm. The complete presentation is available at the MTA’s...
YOUR TRADING CHARTS WORK BETTER WHEN MARKETS GET FROTHYby Edward J. Zychowicz, Ph.D, CFA, CMT
Editor’s note: In an article by Oliver Renick, Bloomberg recently featured the work of Dr. Edward J. Zychowicz which demonstrated the value of technical analysis. The original article is available...
BETA ROTATION INDEX LAUNCHED BY S&P DOW JONES INDICES BASED ON 2014 DOW AWARD- WINNING PAPER
The Charles H. Dow Award is presented annually for outstanding research in technical analysis. The 2014 winners, Michael Gayed, CFA, and Charles Bilello, J.D., CPA, CMT, demonstrated research can be...
INTERVIEW WITH PASCAL ZINGG, CFTe, CMT, CAIAby Amber Hestla-Barnhart & Pascal Zingg, CMT, CFTe, CAIA
How would you describe your job? I am working as a Technical Strategist in the Private Banking & Wealth Management division of Credit Suisse. My main task is to deliver a technical view on all...
WHEN DO STOP-LOSS RULES STOP LOSSES?by Kathryn Kaminski, PhD, CAIA & Andrew W. Lo, PhD
Editor’s note: This article is an extract of a paper originally published at the MIT web site. All references and additional support for the ideas tested can be found in the...
AUGUST 1914: WHEN GLOBAL STOCK MARKETS CLOSEDby Dr. Bryan Taylor
On June 28, 1914, Austrian Archduke Franz Ferdinand was assassinated in Sarajevo. This event led to a month of failed diplomatic maneuvering between Austria-Hungary, Germany, France, Russia, and...
ACROSS WORLD CURRENCIESby Paul Ciana, CMT
Editor’s note: This article was originally published in the May 21 issue of Bloomberg Brief: Technical Strategies. Below is an extract of that article. In Bloomberg Briefs, Paul Ciana, CMT,...
ETHICS CORNER: PROFESSIONAL CONDUCT STATEMENTS
Every year, members are required to complete a Professional Conduct Statement (PCS) when they renew their membership. Prospective members and affiliates are also required to complete the PCS. This...
CHART OF THE MONTHby Alex Cole
Editor’s note: This article was originally published in the May 21 issue of Bloomberg Brief: Technical Strategies. Below is an extract of that article. Alex Cole has put together a screen to show...
Tom Dorsey is the Co-Founder & Chief Executive Officer of Dorsey, Wright & Associates, a registered investment advisory firm that provides quality equity analysis and options strategies to member firms and institutions. Formerly a senior vice president and director of...
Michael Carr, CMT
Mike Carr, who holds a Chartered Market Technician (CMT) designation, is a full-time trader and contributing editor for Banyan Hill Publishing, a leading investment newsletter service. He is an instructor at the New York Institute of Finance and a contributor to various...
Edward J. Zychowicz, Ph.D, CFA, CMT
Dr. Edward Zychowicz earned a BA in economics from the Maxwell School of Citizenship and Public Policy at Syracuse University, and MA and PhD degrees in economics and finance from SUNY-Binghamton. Since joining the faculty of the Frank G. Zarb School of Business, Dr. Zychowicz...
Pascal Zingg, CMT, CFTe, CAIA
Pascal Zingg is working as a Technical Strategist within the Private Banking & Wealth Management division of Credit Suisse, where he delivers a technical analysis input on all asset classes to the Credit Suisse Investment Committee. He joined Credit Suisse in 2004 and has...
Kathryn Kaminski, PhD, CAIA
Kathryn M. Kaminski is a Chief Research Strategist and Portfolio Manager at AlphaSimplex Group. She is an author and specialist in systematic investing. She co-authored the book Trend Following with Managed Futures: The Search for Crisis Alpha published by Wiley Trading in...
Andrew W. Lo, PhD
Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He received his Ph.D. in economics from Harvard University in 1984. Before joining MIT’s finance faculty in 1988, he...
Dr. Bryan Taylor
Dr. Bryan Taylor President & Chief Economist, Global Financial Data Dr. Bryan Taylor serves as President and Chief Economist for Global Financial Data. He received his B.A. from Rhodes College, his M.A. from the University of South Carolina in International Relations,...
Paul Ciana, CMT
Paul Ciana is a Managing Director and Chief Technical Strategist at Bank of America, based in New York. He publishes his short- and long-term technical views on Rates, FX, Commodities and emerging markets in the coveted and most read Technical Advantage report series. To explain...
Alex Cole is a Technical Analysis and Charting product specialist. With over 14 years of financial market experience, Alex has led Technical Analysis and data visualization teams, frequently contributed to financial news/ industry organizations such as Bloomberg and the...
New Educational Content This Month
May 24, 2023
The Four P’s of Investing
Presenter(s): David Lundgren, CMT, CFA
May 17, 2023
Using Technical Analysis to Develop Options Trade Ideas
Presenter(s): Greg Harmon, CMT
April 28, 2023
Using Market Timing to Enhance Returns
Presenter(s): Tom DeMark, Larry Williams