From the Editor
Well, October certainly lived up to its spooky and quite volatile reputation. From leading momo tech stocks tanking to multiple multi-percentage point intraday moves everywhere else, I am sure antacid makers made a tidy profit. Of course, coffee, sugar and crude oil had their own action and did you see palladium’s all-time high?
This is my second edition of the new Technically Speaking and once again I must ask for volunteers to help us deliver a well-rounded offering with:
- seminar reviews
- book reviews
- software reviews
- articles on how you analyze, trade or “do” the technical analysis business
- suggestions for interviews with industry titans
- your own career move announcements.
Drop us a line at editor@CMTAssociation.org. We welcome everyone, including newly minted members.
In this edition, we offer another of our member interviews with Phil Roth, CMT, a legend in the field and one of the most generous members with his time. And if I have not hit you over the head enough about getting involved, I’m re-running a piece I did a while ago called “Thoughts on Volunteering.”
We also have part 2 in a series that ran back in the 1990s called “Lessons from Dead Pilots,” written by Mark Eidem CMT, CFA, which gives a fascinating comparison with traders. And a report from Clint Sorenson, CMT, CFA on how an investment advisor incorporates technical analysis into an otherwise fundamentally-driven business.
Rounding it all out will be news from around the association – chapters, strategy, CMT news and events.
Michael Kahn, CMT
President’s Cornerby Scott G. Richter, CMT, CFA, CHP
This is your association and it is important that you let us know what you think. Let me ask an important question: What do you think about the CMT Association, and would you please take the time to...
Factor Investing is Simple but Not Easyby Louis Llanes, CMT, CFA
Summary of Wes Gray, PhD Presentation to the Denver Chapter Wes Gray, PhD, the founder of Alpha Architect, spoke to the Denver chapter of the CMT Association in September. Alpha Architect is...
New York Chapter Meeting - Speaker Summaryby Mike Sroga, CMT
The New York chapter of the CMT Association met October 18, 2018 with featured speaker Craig Johnson, CMT, CFA, Managing Director and Senior Technical Research Analyst at Piper Jaffray. He is also...
Paul Desmond Memorialby Richard A. Dickson
Paul Desmond, the President of Lowry Research and one of the most influential figures in technical analysis over the past half century, passed away on Oct. 1, 2018. Paul’s beginnings with the Lowry...
Judgment for Traders: Lessons from Dead Pilots, IIby Mark Eidem, CMT, CFA
Originally published August 2000 Last month, I examined the parallels between flying and trading; especially how the process of judgment is identical for pilots and traders. I also introduced...
Thoughts on Volunteeringby Michael Kahn, CMT
The following originally ran in the March 2007 newsletter. Forgive the references to the MTA. I had the honor of moderating a “walkabout” table at the recent MTA winter retreat in Miami Beach...
Note for CMT Candidatesby Stanley Dash, CMT
As we approach the next administration of the CMT exams, here are a few reminders for our candidates. By now, you should have reserved your seat at a test center near you. If not, do so as soon as...
Chapter Report: Toronto, October 2018by Colin Cieszynski, CMT, CFA
The Toronto area is one of the hotbeds of technical analysis in North America. Southern Ontario is home to the second largest group of CMT charter holders worldwide and we have five chapters holding...
How an Investment Advisor Uses Technical Analysisby Clint Sorenson, CMT, CFA
While CMT Association members know the value of technical analysis, there are still many areas of the money management business that do not hold the same opinion. Little do their clients know that...
Member Interview – Phil Roth, CMTby Phil Roth, CMT
Phil Roth, CMT, retired in 2012 from a 46-year career writing technical research but that has not slowed him down. He is currently Vice President of the Technical Analysis Educational Foundation and...
Chapter Report: Minnesota, Fall 2018by Ralph Acampora, CMT
The Minnesota chapter met on Ralph Acampora’s farm on October 28. It was a wonderful time to relax, take in “tons of history,” enjoy a fantastic BBQ meal, visit with the horses and network with...
Submissions for The Dow Award Are Now Openby Timothy Hayes, CMT
The 2019 Dow Award, which highlights outstanding research in Technical Analysis, is open for submission! Since its first year in 1994, the Award has received over 160 submissions, and recognized 20...
CMT Association Newsby Marie Penza
Members on the Move The CMT Association would like to congratulate the following members on their new positions: Cesar Diaz-Loyo, Head Trader at Bendio AG, and Visiting Professor at IESA Foram...
Scott G. Richter, CMT, CFA, CHP
Scott Richter, CMT, CFA, CHP is a senior portfolio manager for Westfield, which manages over $4B in AUM. He is the lead portfolio manager for alternative assets and is also responsible for investments in the energy and utility sectors. He was formerly the co-manager...
Louis Llanes, CMT, CFA
Louis Llanes is a technical analyst and the Founder & Managing Principal of Wealthnet Investments, LLC. Wealthnet is an asset management and research firm. In 1997, Louis founded Blythe Lane Investment Management and later merged the firm with Centric Investment Group, which...
Mike Sroga, CMT
Mike Sroga, who holds a Chartered Market Technician (CMT) designation, is a Convertible Bonds Trading Associate at Jefferies. Previously, he was an institutional trading professional at Needham and Co. He uses technical analysis on a daily basis to provide optimal execution for...
Richard A. Dickson
Richard A. Dickson, former Senior Market Strategist, Senior VP and market commentator for Lowry Research, was a technical market analyst for more than 33 years. His analysis emphasized longer-term market trends and prioritized the identification of major changes in market...
Mark Eidem, CMT, CFA
Mark Eidem, who holds the Chartered Market Technician (CMT) designation, is a Regional Manager with Charles Schwab Trading Solutions. He is a 1978 graduate of West Point and was previously a retail broker in Anchorage for over a decade. He has served as a Flight Instructor...
Michael Kahn, CMT
Michael Kahn, who holds a Chartered Market Technician (CMT) designation, is a seasoned financial services strategist, analyst, columnist, educator and speaker. Michael has been working with charts and technical analysis since 1986. He is the author of three books on...
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 of the...
Colin Cieszynski, CMT, CFA
Colin Cieszynski, who holds a Chartered Market Technician (CMT) designation, is the Chief Market Strategist at SIA Wealth Management. He has over 25 years of experience in the financial industry, producing market commentary newsletters and trading recommendations to investors...
Clint Sorenson, CMT, CFA
Clint Sorenson is a Co-Founder of WealthShield LLC, and has long been dedicated to innovating and accelerating the investment landscape. His unique system leverages proprietary quantitative strategies, by fusing together behavioral finance, fundamental and technical...
Phil Roth, CMT
Philip J. Roth, who holds the Chartered Market Technician designation, was the Chief Technical Market Analyst at Miller Tabak + Co. from 2001 until April 2012. Phil was a Wall Street professional for 46 years, and has been in the industry for over half a century, having served...
Ralph Acampora, CMT
Ralph Acampora, CMT is a pioneer in the development of market analytics. He has a global reputation as a market historian and a technical analyst, providing unique insights on market timing and related investment strategy issues to a wide audience within the financial industry....
Timothy Hayes, CMT
Timothy Hayes, CMT, is NDR’s Chief Global Investment Strategist. He has been with the firm since 1986. Tim directs NDR’s global asset allocation services, develops strategy and major investment themes, and establishes NDR’s weightings for global asset allocation,...
Marie Penza serves as the Director of Member Services for the CMT
New Educational Content This Month
March 24, 2023
CMT Level III Informational Session
Presenter(s): Stanley Dash, CMT, Tyler Wood, CMT
March 15, 2023
Why the Dow Theory? Multimarket application, Outperformance, Drawdown reduction, and a 120+ years record
Presenter(s): Manuel Blay
March 8, 2023
Money and the Fork in the Road for the Year Ahead
Presenter(s): Brendan McCarty, CMT