Technically Speaking, June 2023

Hello readers, and welcome to a new edition of Technically Speaking.

We’re halfway through the year, and the market is thriving! This is probably the best time to consider where the market forces are weighing in heavily to prepare for the remainder of the year. The technical signals alluding to stocks moving higher at the beginning of the year were right after all! (No surprises there!) And what’s been the motivation for this occurrence? A less excited Dollar Index move has a lot to do with it. If DXY comfortably made higher highs and higher lows above the 106-mark, the stocks would return to their den well before curfew. Nasdaq continues to power through into what’s been its best start to a year ever! Markets across the globe are participating in the rally that we’re witnessing, with the asset classes playing an exciting game of musical chairs. The more you interact with market forces, the more apparent it becomes that certain aspects stand tall, given any and every trend in place. Sure, we all enter the market to invest or trade to generate significant returns. But rarely is that accompanied with patience and risk management in tow. And burning your fingers in the market teaches us just that! So, if you are someone who is thinking of jumping into this world, and has a long-term idea of excelling after dedicating time and effort to this field of study, know that you are at least five years ahead of the folks who want to “double their money and never make a loss.” This means you don’t need just motivation but the right one.

As are these vehicles of investment, human beings also run on motivation. As the editor of CMT India’s Newsletter, back in 2020, I got a message notification on LinkedIn from the President of the CMT Association. Brett Villaume reached out to me to make an acquaintance, thank me for being an active volunteer, and encourage me to continue working towards my goals. That message alone made me feel like my efforts were being appreciated and noticed, and it meant the world to me! Three years later, Brett is now a dear friend, guide, and mentor. With his term as President and Director concluding this June, I would like to take the opportunity to thank him for his dedication towards the Association and his support in every new endeavor towards advancing the discourse of technical analysis. I know I have benefitted immensely from my regular interactions with him, and I am confident I will continue doing so.

With that, I’d also like to welcome the new Directors and Officers of the CMT Association. Congratulations to the newly elected leaders! Onwards and Upwards!

 

Until we meet again,

Rashmi Bhatnagar

What's Inside...

President's Letter

Hello Members. Here are some important announcements you’ll want to take note of.

Be on the lookout for an email...

Read More

Why Strong Stock Returns on Friday is Bullish

One of the most hated and despised rallies continued last week, with the S&P now up nearly 12% on the...

Read More

The Stock Market Got Overbought. What Happens Next?

Stocks here in the U.S. are on pace for one of their best years ever. After a rough time for...

Read More

Is it the beginning of a New Bull Phase for Bitcoin (BTC/USD)

With Time, everything changes! This is not only true for Humans but for markets also. After all, Markets are driven...

Read More

Make Your Voice Heard for the Future of the CMT Charter

The CMT Association has begun a Jobs Analysis (also known as a Jobs Task Analysis, or Practice Analysis).  This...

Read More

Assistant Director Position

The CMT Association seeks to fill a newly created position for an Assistant Director of the CMT Program to work...

Read More

In Case You Missed it!

The May edition of Technically Speaking didn’t reach some of our subscriber’s inboxes. Click HERE to see what you...

Read More

President's Letter

Hello Members. Here are some important announcements you’ll want to take note of.

Be on the lookout for an email asking you to participate in a survey of how you use Technical Analysis. We REALLY need your input so we can make sure the CMT curriculum accurately reflects what the job market is focused on in terms of using Technical Analysis professionally. The demographics of CMT members has changed since the last time we did a jobs analysis survey, so its really important that YOU participate. If all the members globally complete the survey, it will be accurate.

While our two big conferences of FY 2023 were certainly amazing and highly successful, we are aiming to bring in-person events to a higher percentage of members. The Pandemic is over and people want to get together to network and hear live presentations. Our fiscal year begins on July 1, 2023 and we’re looking to budget in quite a few regional conferences around the globe. Back in October 2022 we held a half-day conference in Toronto, Canada that was 1) well attended, 2) not too expensive to operate, 3) not a huge burden on the Staff to execute, and 4) resulted in quite a few people signing up for the CMT exams. How nice would it be to go to an awesome conference that is in your city or only a car or train ride away? Look for upcoming announcements about regional conferences.

A new Academic Advisory Committee was recently formed that will consist of both CMT members and academics which will focus on promoting Technical Analysis and the CMT Program with in colleges and universities, but also among researchers. Our Academic Partner Program is growing, and the newly launched Investment Challenge is a big hit. But we still face an uphill battle with college administrators. Introducing students and professors to the usefulness of TA will plant the seed within business schools that can eventually grow into dedicated programs. If you are interested in joining the Academic Advisory Committee, please contact John Kolovos at jkolovos13@gmail.com.

We are continuing to look for an Assistant CMT Program Director. Stan Dash wrote about the position in the May edition of Technically Speaking. If you are interested or know someone who might be, please apply or refer someone.

Recordings of the presentations from the 50th Anniversary Symposium are available on the website! You can access them here. There were so many good presentations, I don’t really have a favorite, but if asked I would point to the interview Frank Teixeira had with our first President of the CMT, Bob Farrell. It’s called “Institutional Professionalism: Market Analysis Perspectives”.

Finally, I want to point out that this will be my last address as the President of the CMT, as I’m stepping down after nine years on the Board of Directors. Since I’ve joined, I have witnessed (been a part of?) the adoption of Wiley’s integrated curriculum; administering the CMT exams in Prometric testing centers; hiring of Alvin Kressler, our Executive Director; opening our first office outside of the United States in Mumbai, India; diversifying our Board to have the most women Directors ever; the creation of the Governance Committee; and the launch of our highly successful Fill the Gap podcast series.

Looking forward, our Board and Staff are the best they’ve ever been, and I’m highly confident that our leadership team is competent and dedicated to leading our Association. Best of luck to them!

I might be leaving the Board, but I’ll never quit the CMT. I hope to see you all someday at a future symposium or regional conference!

Contributor(s)

Brett Villaume

Brett Villaume is Past President of the CMT Association, having served on the Board of Directors from 2014 to 2023. Additionally, Brett is a Financial Advisor at Equitable Advisors based in San Francisco, California. Brett previously served as Director of Investor Relations...

Why Strong Stock Returns on Friday is Bullish

One of the most hated and despised rallies continued last week, with the S&P now up nearly 12% on the year and officially up more than 20% from the October lows. If you’ve been reading or listening to what the Carson Investment Research team has been saying, then you know we’ve been in the camp we’ve been in a new bull market for quite some time now, expecting continued higher prices. None the less, with stocks now officially up 20%, we see others finally coming around. For instance, check out the cover of Barron’s over the weekend. Yeah, we sure weren’t seeing things like that in January, were we?

Our bullish tilt since late last year wasn’t popular and has been widely mocked by many bears for months and months. We aren’t hearing so much chirping from them now though 🙂

One thing we’ve notice lately is buying and strength in stocks later in the week, specifically on Thursday and Friday. We love to see this, as it shows there is confidence to hold stocks over the weekend. Those of us that have done this long enough remember how volatile (and usually bearish) Friday afternoons would be during the Great Financial Crisis (GFC) or during the COVID bear market in February and March of 2020. Even last year during the bear market we saw historically weak returns on Friday.

So, to now see buying and confidence on Thursday and Friday in ’23 are significant changes from what we saw during previous bearish phases and could be another clue that this bull market is indeed healthy and likely has legs left.

This first chart shows just how much better Thursday and Friday are doing than the other days this year. Again, we like to see this late week buying as a clue things are healthy and confident. (For those wondering how we did the annualized return calculations, the average Friday return this year so far has been a gain of 0.40%, so we multiplied that by 252 (the number of trading days per year) to get an annualized return).

Let’s talk specifically about Friday, shall we? As of last week, Friday was up an incredible 101.7% on an annualized basis in ’23. This would come in as the best Friday EVER. Now, let’s be honest, the odds do favor this coming back to earth some over the remaining rest of the year, but overall we are on a great start to this year being one of the best ever for stocks on a Friday.

What does it all mean you ask? In the final table below, I looked at all years that had at least a 55% annualized return on Friday. This was the very best 12 years ever for Friday returns and sure enough, they are also some of the best years overall for stocks. In other words, some of the best years ever also saw strong performance on the last day of the week, further confirming that buying on a Friday is what you tend to see in bullish markets.

We will end on this note, stocks were higher 12 out of 12 times in these years and up a very impressive 24.8% on average, about half of this year’s 12.0% return so far. This could be a subtle clue that as good as this year has been, it could have more in the tank before all is said and done

Contributor(s)

Ryan Detrick, CMT

Ryan Detrick, Senior Vice President, Chief Market Strategist, is a member of the LPL Financial Research tactical asset allocation committee, responsible for directly impacting the portfolio decision-making process, as well as a member of the market insights team, developing and articulating equity...

The Stock Market Got Overbought. What Happens Next?

Stocks here in the U.S. are on pace for one of their best years ever. After a rough time for investors in 2022, the hot start is a welcome sight. The only question is, how long can it last?

Last week, a popular momentum indicator rose into ‘overbought’ territory for the S&P 500, causing many bearishly-inclined forecasters to sound the alarm. I can’t really blame them – the word overbought certainly sounds bad. But what does an overbought RSI actually mean?

The RSI, or relative strength index, is a momentum measure created by J. Welles Wilder Jr. and unveiled in his 1978 book, New Concepts in Technical Trading Systems. In short, it’s an oscillator ranging from 0 to 100 that tracks the speed and magnitude of a security’s recent price changes. You’ll see me regularly use a 14-period RSI on charts in these publications, most commonly to point out divergences between the directions of momentum and price.

A more common interpretation of RSI, though, is to look not at the RSI’s direction, but at its level: a reading greater than 70 is called ‘overbought’, signaling prices may be primed for a pullback. A reading below 30, on the other hand, is called ‘oversold’, and hints at a possible bounce.

This interpretation has a mixed historical record for timing reversals – overbought readings can get even more overbought, and vice versa. In fact, when we compared the level of RSI to the future performance of major stock indexes, we found the two had a correlation of roughly zero. Even when excluding the ‘middles’ of the oscillator and focusing only on returns that follow overbought or oversold readings, we were met with inconclusive results.

The S&P 500 shows the strongest 1-week and 1-month forward returns after oversold readings, but overbought levels result in the best returns over 3-month, 6-month, and 1-year periods. That data supports a narrative that overbought readings indicate both that a near-term pullback is at hand, but also that a strong, longer-term uptrend is in place (and vice versa for oversold readings).

The only problem is, data from the NASDAQ Composite says the exact opposite. Its best 1-week and 1-month returns follow overbought readings for the RSI, while oversold periods have been the best time to buy for 6-month and 1-year time horizons.

No, the level of RSI isn’t too useful when it comes to predicting the direction of future returns. But it does provide valuable information about the dispersion of future returns.

Thanks to Charlie Dow, daily prices for his trademark Industrial Average are available as far back as the late 1800s. A review of that data shows that RSI exhibits a strong negative correlation with the standard deviation of future return distributions. The distribution of forward returns is widest following oversold levels, and most narrow when RSI is the highest. That’s true for all future time horizons, be it 1 week, 3 months, or a year.

Here’s another way to visualize the relationship. We plotted forward 3-month returns following each overbought or oversold reading for the RSI and compared the two. The distribution curve for Overbought readings is narrow and steep. On the other hand, the ‘fat tails’ of the distribution curve are dominated by the Oversold category. A greater number of both great and terrible returns follow oversold conditions.

What’s striking about the data is not only the strong relationship, but also the consistency. No indicator is perfect, and even widely used factors fall out of favor for extended periods. This relationship, though, was quite consistent over rolling 10-year periods since 1900, especially over 1-week and 1-month horizons. And while RSI’s predictive value for dispersion clearly declines with time, it still offers insights into returns as far as 2 years in the future.

Moreover, this relationship doesn’t apply to just the Dow Jones Industrial Average. It holds for the S&P 500 and NASDAQ Composite, too. Here’s how those two stack up:

So while momentum is at extremes for some of the major indexes today, don’t fret. We can’t ever know for sure the future direction of prices, but overbought conditions tend to be followed by the most consistently positive returns we can ask for.

 

Contributor(s)

Austin Harrison, CFA, CMT

Austin Harrison is an investment strategist and senior equity research analyst at a Missouri-based advisory firm. In 2019, he started Means to a Trend, a blog dedicated to identifying both fundamental and technical trends in financial markets. He employs a weight-of-the-evidence approach...

Is it the beginning of a New Bull Phase for Bitcoin (BTC/USD)

With Time, everything changes! This is not only true for Humans but for markets also. After all, Markets are driven by Human emotions! That is where the Technical analysis arrives to help identify what the market wants to tell us! Now let us start with the current research where we are looking at Bitcoin! Whether Bitcoin falls or rises, it always remains in focus and limelight!

 

2022 (The Year of Collapses): Let us recap what we have witnessed in the year 2022 till now in terms of Cryptocurrencies. We can say that it was one of the bad years for Cryptos wherein we saw Luna Collapse (one of the Cryptos) and then FTX Exchange bankrupt due to accounting fraud and manipulation in Crypto markets with Investor funds. Markets were digesting this news however suddenly we saw Signature Bank Collapse which was one of the Capital providing banks for the Crypto industry. And now, Silicon Valley Bank Collapse which was the mainstream bank for Technology start-ups for raising funds. We have continued to witness the contagion effects of the above collapses on other small and medium-level banks. In short, we can say that post the 2008 financial crisis, US banks are once again under tremendous pressure!

 

Bitcoin – Is it Safe Haven?: Amid any kind of uncertainty, usually, we have seen that funds go into US dollars or Gold due to safe haven bias. However, this time we have one more asset class where money has started to flow in the early part of 2023 which is Bitcoin. From the lows near $15500 level, it has risen by almost 80%. Whether this is a short-term effect or long-term that time will tell us. However, in general, we can see that people have started taking an interest in adopting Digital assets due to recent Banking collapses. We are also witnessing some analysts coming up with a target close to $100000 for Bitcoin. Well, as a Technical analyst, we can say that a fall in markets is associated with negative news, and a rise in markets is associated with positive news! Hence, it is better to ignore the news, and focusing on market behaviour and pattern development is very crucial to judge the trend ahead.

 

As Bitcoin has shown a sharp rally recently, below we are trying to understand what kind of price pattern it has formed in the past! By observing past behaviour, we can arrive at the probability of future trends from hereon!

 

Chart1:

Here in the above chart1, we can see that 2014 was the first year after the long bull run in which Bitcoin started time and price bound correction. Post the corrective phase, prices formed the ‘Cup and Handle Pattern’ from the mid of 2015 to the mid of 2016. After that, there was no looking back and prices tested the highs near $20000 level by the end of 2017 from the breakout level near $500.

Chart2:

Here in Chart 2, the Bear market which started in the year of 2018 got completed by early 2019. During the bottoming phase, it formed an ‘Inverse Head and Shoulder’s pattern’ and resumed the bull trend. This time prices rallied from the breakout level near $4100 level to the high of $14000 level by mid of 2019. Post that bull market got interrupted by an intermediate correction led by the Corona crisis.

Chart3:

In the early start of 2020, we saw a lot of volatility led by the Covid-19 crisis as shown in chart 3. We saw a major crash from the $10000 to $4000 level and then a ‘V-shaped recovery’ towards the $10000 level. Post the recovery, prices managed to digest the gains and resumed the major bull trend in September 2020. The above pattern can also be called an Inverse Head and Shoulders Pattern however due to the lack of symmetry between right and left shoulders we would like to call it has normal price pattern where Bitcoin made a higher high higher lows structure. Post this pattern, prices rallied from the $10000 level to the $65000 level by mid of 2021.

Chart4:

In the month of April 2021, Bull market was interrupted by intermediate correction which completed in the month of August 2021 as shown in chart 4. During the bottoming phase, prices made ‘Double Bottom pattern’ and resumed the bull trend. This is also called as ‘W’ Pattern. Post this pattern, prices rallied from $40000 level to the highs of $69000 level by end of 2021.

Chart5:

The entire price action since mid of 2022 to the start of 2023 has resulted into text book looking like pattern which is ‘Cup and Handle pattern’ as shown in chart 5. Such pattern often indicates accumulation by smart money and recently we have seen breakout from the pattern. This indicates that bull phase of Bitcoin might have started now.

Conclusion: From the above pattern analysis, we can say that once market completes the bear market or intermediate correction, it has tendency to resume its prior trend which is bull market. The first sign of completion of bear trend can be the higher high higher low pattern. It also reflects how traditional patterns such as Inverse Head and Shoulders pattern, Cup and Handle pattern, Double Bottom pattern has continued to work well on this asset class.

Time and Price analysis for Bear Markets: Now we will go one step ahead and try to identify whether Bitcoin is following any kind of Cycle or time bound price action in the past observed bear markets. For this, we have considered year of 2014, 2018 and 2021 as a best scenario for analyzing Bear markets as it started when there was bull market Euphoria’s! We are not taking year of 2020 as bear market as it did not start from life time highs i.e it was from the intermediate peak.

Chart6 BTC/USD Logscale monthly chart:

Here we can see that correction of 2014 lasted for 13 months and prices corrected by almost 87% from the life time highs. Correction which started in the year of 2018 lasted for 12 months and correction was seen up to 85% from the life time peak. At the same time, correction of 2021 lasted for 13 months and prices corrected by almost 78% from the bull market peak.

From the above analysis, we are roughly getting the idea that Bear market phase in Bitcoin has lasted for about 12 to 13 months and during the same time it has a tendency to correct by 78% to 88% approximately. This also indicates that post the completion of correction, prices have made important cycle bottom and resumed the bull trend. Hence the recent lows near $15500 might be a crucial cycle lows for Bitcoin which will remain protected in the years ahead. However, as mentioned before, Technical analysis is a study of arriving at a higher probabilities and hence one should place strict risk management to avoid any kind of surprises!

Chart7 BTC/USD Logscale weekly chart:

Applying Channels, Fibonacci retracements and Moving averages: Here we are trying to understand the overall trend applying some basic technical tools. The bear market which started in the year of 2021 was channelized in nature. This correction completed near 50% Fibonacci retracement in the end of 2022 of the prior bull trend which started in the year of 2019.  Post that prices broke out from the downward moving channel and has made higher high higher lows pattern for the first time since mid of 2021. It is once again back above 200 weeks SMA. Now sustaining above 200 weeks SMA is important to see further strength in the bull trend from hereon.

Nevertheless, above technical tools indicates that Bitcoin might have formed crucial bottom near $15500 level and now it is time to witness bull trend.

Chart8 Logscale BTC/USD Daily chart:

To understand the trend, like many, we are using Golden Crossover in which we use 50 and 200 days SMA. Whenever we see 50 days EMA crossing above 200 days EMA, it is called as a Golden Crossover. Recently we have seen one such signal of Golden Crossover taking place on Bitcoin daily chart in the month of February 2023.  This was the first signal since January 2021. Usually post such signal, we can expect market to remain in bullish phase, unless and until it results into failure signal.

 

Chart9:

Target of Cup and Handle pattern: We are once again showing recent ‘Cup and Handle pattern’ of which breakout has already taken place in the current month. Prices are sustaining above the threshold line of the pattern which is important for continuation of bull trend. For such patterns, we can expect target to be a width of the overall pattern from the breakout level.  Here, the width of pattern is close to $10000 points and hence the target can be close to $35000 level which is $25000+$10000.

From short to medium term perspective, we can expect Bitcoin (BTC/USD) to test approximately $35000 level and post that we need to watch how momentum and price action is developing. If this is indeed start of new bull trend then we are not so far from testing the previous life time highs near $69000 level. Time will tell us!

 

Contributor(s)

Jigar Mehta, CMT

Jigar Mehta, CMT,CFTe is  founder of Sitaram Investments LLC in UAE. Prior to starting his own company, he has worked with Family offices  where he has managed funds. He has also worked with many renowned research firms and held the key designation. He...

Make Your Voice Heard for the Future of the CMT Charter

The CMT Association has begun a Jobs Analysis (also known as a Jobs Task Analysis, or Practice Analysis).  This is a periodic review of the content of the CMT Program.  The results will be used to set the knowledge areas and tasks, and their importance, for the CMT exams.

 

The Institute for Credentialing Excellence (I.C.E.), a recognized association of testing and credentialing groups, has defined a Jobs Analysis as:

 

Any of several methods used singly or in combination to identify the performance domains and associated tasks, knowledge, and/or skills relating to the purpose of the credential and to provide the foundation for examination validation. Also known as “practice analysis” or “role delineation study.”

 

The first phase was a series of meetings with a panel of 12-14 expert CMT charter holders, completed in late April.  This group developed a “Content Outline” for the exams.  The Content Outline identified 18 knowledge and task statements organized into four Knowledge and Task Domains.

 

The next phase of the Jobs Analysis will be a membership-wide survey.  The survey will solicit rankings on “importance” and “frequency” for each of the 18 knowledge and task statements in the Content Outline.  The survey will also solicit open responses and demographic information.  Completing the survey should take about 20 minutes and will not have to be completed in one session.

 

The survey is organized to make it as straightforward and efficient as possible, while allowing open responses in the areas you feel require them.  All the data will be aggregated by our third-party facilitator; you and your specific responses will not be identified.  (The CMT Association has retained Meazure Learning to facilitate this project.)

 

The survey emails were sent to members on June 20.  The survey will remain open for your response until July 16.  Please check your email inbox, or spam folder, for the survey from CMTProgram@CMTAssociation.org via SurveyMonkey.  (The survey was sent to the email address you have in your CMT membership profile.  Please make sure it is up to date!)

 

Your response to the survey is critical to the success of the Jobs Analysis project and the future of the CMT Program.  Please take the time to respond.

Contributor(s)

Stanley Dash, CMT

Stanley Dash is the CMT Program Director at the CMT Association, a global credentialing body. In this role, Mr. Dash works with subject matter experts, candidates, and the Association’s members to maintain and improve the curriculum, the test experience, and the value...

Assistant Director Position

The CMT Association seeks to fill a newly created position for an Assistant Director of the CMT Program to work directly with the CMT Program Director on all aspects of the CMT Program.

The person to fill this position must be either a current CMT Charterholder, or a member who is a candidate for the charter who has successfully completed all three levels of the CMT exams and is awaiting only the professional work experience to earn the charter.

This is a full-time position that will require availability for calls and meetings during US hours.  In addition, there may be some restrictions on the Assistant Director’s activities outside the CMT Association that conflict with the security standards necessary for a credentialing program or otherwise conflict with the mission, standing, or credibility of the CMT Association and the CMT Program.

The work of managing the CMT Program falls broadly into three categories: Policies, Texts, and Exams.

Policies

  • Completion of a Jobs Task Analysis (JTA).
  • Policies related to exam administration, including security and candidate identification.
  • Vendor relationships including psychometricians, test administration, and publishing.

Texts

  • Ongoing editing and maintenance of the curriculum, including researching and correcting reported errors.
  • Identification of topics and authors for new Association-owned content.
  • Long-term evolution of the curriculum.

Exams

  • Expansion of the Level I and II item banks.
  • Monitoring production of Level I and II exams for semi-annual administration windows.
  • Managing construction of semi-annual Level III exams.
  • Managing Level III grading following each exam window.

The initial duties of the Assistant Director will fall primarily, but not solely, in the area of Exams.

The Assistant Director, alongside the Program Director, will interact with several key groups of CMT Association members/volunteers.

  • The Curriculum and Test Committee (CTC) which is the ultimate arbiter on matters related to the content of the texts and exams.
  • The Subject Matter Experts (SMEs), a select group of members who are tasked with writing exam questions (all levels), reviewing additional exam content, and other functions related to CMT Program content.
  • The Level III graders who read the candidates’ exam papers and assign grades based on the SMEs’ answer keys and their own judgment.
  • Authors working on content for the CMT texts.  There is an ongoing project to augment the CMT texts with custom-written content.
  • Other CMT Association staff, particularly on matters of CMT Program operations, marketing, and candidate/member communications.

As noted above, the Assistant Director’s initial responsibilities will be in the management of the content and delivery and grading of the CMT exams.  Under the direction of the Program Director, the Assistant Director will be tasked with:

  • Analysis of the current Level I and II item banks to determine areas of weakness and inadequacy.
  • Organizing and tasking SMEs with creating new content for Level I and II based on that analysis.
  • Editing and supplying content citations for the Level I and II item banks.
  • Managing the SMEs who write the Level III content.
  • Organizing and tasking graders with their assignments for Level III grading.
  • Compiling, reviewing, and verifying the Level III results.

The ideal candidate should have experience in several key areas critical to the ongoing management of the CMT Program.

The Assistant Director is expected to have competence with several common software products and be prepared to learn to use several others.

  • Microsoft Office – Word, Excel, Teams
  • Adobe Acrobat
  • TechSmith Snagit
  • Charting software such as Optuma, StockCharts, and others.

Project management and coordination – The work of producing and grading exams and creating exam content, as well as editing and producing texts, requires coordination of the CTC, SMEs, graders and vendors, in addition to other Association staff.  Management of these tasks requires clear and consistent communication with those working on the task, including instructions and deadlines, and availability for questions and corrections.  Creation of document templates and maintenance of consistent formats are critical to ease the burden on member-volunteers and on Program staff in managing the work.

Writing and editing – The Assistant Director must be proficient in writing and, most importantly, in editing exam and other content.  In addition to grammar and syntax, exam content must conform to best practices such as accurate and consistent nomenclature.  Content must be written and edited to comply with the Program’s policy of avoiding slang and idioms that would be difficult for non-native English speakers to analyze.

If you meet these requirements and are interested in being considered, please submit your resume.

Contributor(s)

Stanley Dash, CMT

Stanley Dash is the CMT Program Director at the CMT Association, a global credentialing body. In this role, Mr. Dash works with subject matter experts, candidates, and the Association’s members to maintain and improve the curriculum, the test experience, and the value...

In Case You Missed it!

The May edition of Technically Speaking didn’t reach some of our subscriber’s inboxes. Click HERE to see what you missed!

Contributor(s)