A lot of talk about the “new normal” of work fills the airwaves (and digital channels). How many companies are bringing employees back to the office? What will happen to all the supporting businesses around offices if people keep working from home? Is the economy heating up? Inflation? Can restaurants even fill out their staffs?
These are all questions for planners above my pay grade. What I do know is that prices for a lot of goods and services are higher now. This is but one factor we all have to keep in mind, even we technicians. As you all know, a falling dollar tends to make commodities more expensive. Lower commercial real estate demand might mean residential demand is growing, and with it, stocks catering to that segment. Do we still need Zoom? I hope not.
While we are not analyzing the market based on these fundamentals, we do use them to point us in the right direction where real analysis (technicals, of course) can take over. So, keep your eyes open and follow the money to see which asset classes will benefit and which will get hurt. Which companies will thrive, which will not and which ones may be on the road to recovery because they already figured out the “new normal.” Just because a style of technical analysis worked in the past does not mean it will always work the same way. Sell in May, anyone?
As editor, this month my heart is full. As you will read below, we have acquired a treasure trove of old newsletters which will provide a lot of materials for the current version. Old photos; yes, we have them. And we will start with a reprint of a piece written by Dr. Van Tharp, a noted trading and investing coach. He goes beyond trading psychology and hits us over the head with the need for money management. It’s long but well worth the read.
We’ll more on to Association business, an announcement of the Euro Summit, and a review of the May virtual meeting of the Mumbai India chapter. Outgoing President Scott Richter has a few parting words as the new slate of officers takes over in a few weeks.
For those of us in the U.S., enjoy the summer as restrictions are lifted. For our colleagues in areas of the world that are still suffering, keep the faith, as this will one day end.
Michael Kahn, CMT
President's Letter: Thank You for the Opportunity to Serveby Scott G. Richter, CMT, CFA, CHP
Welcome to my last President’s Letter. Since I’m not one for long goodbyes, I’ll keep this brief. Looking back to 2018, I could not have anticipated or even imagined the many twists and turns...
The CMT Historical Treasure Troveby Michael Kahn, CMT
I was not working at Lowry Research for very long when tragedy struck the firm. The owner, Joffre LeFevre, and son-in-law of the late Paul Desmond, the firm’s former President, passed away at a...
Why Is It So Difficult for Most People to Make Money in the Market?by Van K. Tharp, Ph.D.
This article originally ran in November 1997 edition of Technically Speaking. Imagine playing a game for money in which marbles are drawn out of a bag and then replaced. Sixty percent of the marbles...
Mumbai Chapter Meeting Reviewby Foram Chheda, CMT
The Mumbai Chapter meeting was held virtually on Saturday, May 15, 2021 with six distinguished speakers: Scott G. Richter, CMT, CFA, CHP – Scott is a senior portfolio manager for Westfield, which...
Join us at the European Summit: Global Themes for A Changing Worldby Tyler Wood, CMT
Join us at the 2021 European Summit on July 1 & 2. Featuring a slate of global thinkers and leading analysts, the European Summit is uniquely adapted to a digital-first experience. The Summit...
Virtual Event: Upcoming Webcast With NeuraVestby Emily E.A. Meyer
The CMT Association is excited to announce that JP Gravitt and Eric Davidson, CMT will be joining the Educational Web Series next week, June 23rd at 8AM ET. JP and Eric will present on Using...
New Episode of Fill the Gap Podcastby Tyler Wood, CMT
The Godfather of Technical Analysis, Ralph Acampora, CMT joins Fill the Gap for a conversation about the history of markets, and market technicians. As the co-founder of the “MTA” in the late...
CMT Photo Archiveby Michael Kahn, CMT
This is an occasional series revisiting the Association in picture, just to offer a glimpse into our past, and in-person events as a reminder of what we aspire to in the future. If you have any...
Membership Newsby Marie Penza
Members on the Move The CMT Association would like to congratulate the following members on their new positions: Gustavo Gallardo, CMT, Subgerente de Sales and Trading at FYNSA Vineet Sood, CFA,...
New Educational Content This Month
We’ve added webcast recordings from Alex Cole, Buff Dormeier, CMT, and David Aferiat and Michael Nauss, CMT, CAIA, CDMS in the past month. Learn more and watch them here.
New Educational Content This Month
October 19, 2022
New Horizons on the Relative Strength Index
Presenter(s): Sofien Kaabar, CFA
October 12, 2022
Are The Streets Still Smart? Evaluating Swing Trading Strategies in Modern Markets
Presenter(s): Davide Pandini, PhD, CMT, MFTA, CSTA
September 14, 2022
Candlestick Analysis, Enhancing Portfolio Management Returns
Presenter(s): Stephen W. Bigalow