From the Editor’s Desk
As I write this, the commentators on financial television are working themselves into a frenzy as the S&P 500 has just declined below its 200-day moving average for the first time since early July. The index’s negotiation of this widely-watched major trend proxy characterizes the indecision in the financial markets right now as the marketplace ponders the economic effects of two hurricanes that recently destroyed the US gulf coast. Our cover article by Thomas Neuhaus discusses this very topic: the market’s historic reaction to natural disasters. It is both timely and interesting.
Inside, Contributing Editor Garry Rissman has provided us with the dialogue and some great photos from the question and answer session of the the MTA’s 2005 Market Forecast Panel held at the American Management Association headquarters on September 12th in New York City. Panelists included Gail Dudack, CMT, Katie Townshend, CMT, Louise Yamada, CMT, and Jeanette Schwartz Young, CFP, CMT. Also inside, Chicago Chapter Chair Ross Leinweber reports on the August 31st regional meeting in Chicago that featured Buff Dormeier, CMT’s discussion of volume as a confirmation tool. Finally, in the last of a three-part series of how-to articles by Dave Landry of Harvest Capital Management, Dave answers some frequently-asked questions about swing trading.
One last reminder: Don’t forget to sign up for the MTA’s Second Annual Mid-Winter Retreat to be held on January 20th and 21st at the Four Points Sheraton in Miami Beach. Each session of this retreat will discuss technical analysis from a different professional perspective: that of the trader, the analyst and the portfolio manager. The relaxed format will also allow time for experienced technicians to sit down and share ideas with one another, which is often one of the most valuable and memorable parts of these events. Just being in Miami Beach in January can be pretty memorable, too.
Hope you enjoy this month’s issue.
John Kosar, CMT
From the President’s Desk Technical Interest Continues to Trendby Jordan Kotick, CMT
As John Kirby has pointed out in previous columns, the NYIF approached us about their goal of providing both basic and advanced technical analysis courses not only in major cities in the US but...
From the Executive Director’s Desk Member Sponsor Listby John R. Kirby
If you have 5 years experience in the business or if you have 3 years experience and have passed all 3 levels of the CMT, you deserve to be a full member of the MTA. Full members can vote on all...
Natural Disasters and the Financial Marketsby Thomas Neuhaus
Despite the catastrophic damage and unimaginable loss incurred by residents of the Gulf Coast, history shows that natural disasters have little effect on broad financial markets over the long term....
Chicago Chapter Meetingby Ross Leinweber
On August 31st, the Chicago Chapter of the Market Technicians Association had the privilege to host Buff Dormeier, a highly respected technician and MTA member. The topic of discussion was volume as...
MTA Colorado Lobsterfest
MTA members, as everyone knows by now, always march to the beat of a different drum, so a Lobsterfest in the mountains of Colorado shouldn’t raise any eyebrows. So here’s a picture of the MTA...
2005 Women’s Market Forecast Panelby Garry Rissman
It is no exaggeration as stated on the MTA’s website that the September 12th Spectacular held at the American Management Association in New York City was spectacular! On September 12, 2005, we were...
The Foundation For Successful Swing Trading, Part IIIby Dave Landry
In Part 3 of this lesson, I’d like to answer some frequently asked questions I receive from readers: Q&A Q. When trading pullbacks, how do you know that this pullback won’t be the last? A....
Dear fellow MTA Members and Affiliates,by Ralph Acampora, CMT
You may have heard that Prudential Securities recently had a broad scale cutback that eliminated several departments including economics, mutual funds and technicals. Since this followed a similar...
Jordan Kotick, CMT
John R. Kirby
Thomas Neuhaus is a principle of Investment Management of Virginia, a registered investment advisory firm for which he comanages. Mr. Neuhaus’ career has encompassed all aspects of the investment business from investment banking to sell-side research to buy-side portfolio...
Dave Landry has been have been actively trading the markets since the early 90s. In 1995 he founded Sentive Trading, LLC, a trading and consulting firm. He is author of Dave Landry on Swing Trading (2000), Dave Landry’s 10 Best Swing Trading Patterns & Strategies (2003),...
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....
New Educational Content This Month
June 7, 2023
The 5% Canary
Presenter(s): Andrew Thrasher, CMT
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