As the leaves finally turn here in the New York area, the stock market has once again reached new highs, at least according to the big indices. But just when you stopped looking, the Russell clawed back to the top of its year-long range and the NYSE composite – the average Joe index – is at a two-year high.
Could it be that the converse to “sell in May” is finally going to work? The answer is, of course, who knows? The usual suspects still hold us hostage: China and the Fed. The latter seems to be on hold after the last rate hike.
There are a few things of note, namely the resurgence of retail stocks and banks. The dollar may be breaking down, too. Copper may still be comatose, but look at platinum soar!
This month in Technically Speaking, we’ve got part two of Bruno DiGiorgi’s History of Wall Street and a twist on an old, less-well-known indicator by David Steckler. New York and Minnesota Chapters weigh in with speaker reviews, and our member interview is with Ken Tower, CMT, a past president of the Association.
We’ve also got a similar interview with CMT Association Executive Director Alvin Kressler. It is easy to think of him as just an administrator, but when you look at his career, he is truly one of us.
Of course, we’ve got Association news, including the announcement of 27 new CMTs.
If you’ve got a book out, let us know so we can tell everyone. Also, if you are hiring technicians, we can post that here.
And as usual, I ask members to submit articles they’ve written (not forecasts but methods) or write something new to share your knowledge with the group. If you are new, this is a great way to develop your chops as an analyst and a writer.
Michael Kahn, CMT
CMT Association Asia Pacific: the APAC Auspicious Golden Cross! I hope this brief note finds you well and prospering in your markets. Excuse my liberties with the term “APAC Golden Cross”...
The PopStecklerby David Steckler
Many equity traders strive to identify stocks that are ready to break out and begin a sustained move higher in price. The difficulty lies in identifying which stocks are setting up to break out and...
New York Chapter Speaker Reviewby Tom Bruni, CMT
On Tuesday, October 22nd, the New York Chapter hosted Sam Stovall, Chief Investment Strategist at CFRA Research. Sam’s presentation was entitled “The Rules Rule! – Rules-Based ETF...
The History of Wall Streetby Bruno DiGiorgi
This is the second installment of a rerun of periodic series chronicling the history of the street. The series originally ran in Technically Speaking beginning in September 2000. Last month, I noted...
Minnesota Chapter Speaker Reviewby Mahesh Johari, CFA
The Minneapolis chapter hosted Dave Keller, CMT, Chief Market Strategist of StockCharts.com, as our October 2019 guest speaker. Dave started his career at Bloomberg and later moved to Fidelity...
Interview with the Executive Director – Alvin Kresslerby Alvin Kressler
Please tell us what you do professionally. Currently I am the Executive Director and CEO for the CMT Association. How did you get there? I started my career on Wall Street on the buy-side in Chicago...
Northern Ohio Chapter Speaker Reviewby Patrick McKenna
J.C. Parets, founder of All Star Charts, visited the Northern Ohio Chapter of the CMT association last month and gave a tremendous presentation full of charts, charisma, and good old-fashioned...
Member Interview – Ken Towerby Ken Tower, CMT
Please tell us what you do professionally. I run a small 40-year-old research firm focused on price momentum covering all major asset classes. Our clients are hedge fund managers, mutual fund...
Charles H. Dow Awardby Chelsey Clevenger
The submission window is now open! The 2020 Dow Award, which highlights outstanding research in technical analysis, is currently accepting submissions! Since its first year in 1994, the Award has...
Members in the Mediaby Walter Deemer
Gathering his insights from a five-decade career, Walter Deemer published a book titled, “When the Time Comes to Buy, You Won’t Want To.” The name derives from a 1970’s incident at Putnam...
Job Postingsby Marianna Tessello
Live Seminar Presenter/Instructor VantagePoint A.I. – Tampa, Florida If you’re a presenter capable of helping people gain knowledge about the financial markets including: Stocks, Options, Futures...
Membership Newsby Marie Penza
Members on the Move The CMT Association would like to congratulate the following members on their new positions: Rohit Mandhotra, CMT, CFTe, Financial Products at Bloomberg LP Michael Mobley,...
New Educational Content This Month
October 22, 2021
Systematic Multiple Time Frame Investing
Presenter(s): Bill Kelleher, CMT, CFA
October 20, 2021
Volume Analysis Series (Part 3): Volume Analysis with Indexes
Presenter(s): Buff Dormeier, CMT
October 13, 2021
Understanding Market Internals to Identify Turning Points
Presenter(s): Mike Hurley, CMT