There are many songs about the end of summer, most talking about getting back to work or school, essentially ending the lazy, carefree days. If that’s you, perhaps you forgot this is 2020! Up is down, Zoom is the word and Wednesday is Sunday (at Carvel). People cannot wait for fall, hoping that things will get better on the virus, economic and back-to-school fronts.
However, after several months of really good stock market action, September gave also us that rude awakening that stocks can actually go down, and by a lot, in any given day. Even worse, crude oil, after sitting there for months, looks terrible again. And the greenback, after hitting a multi-year low, looks kind of “bottomy.” Is that it for gold?
Never let it be said that the markets – all of them – are boring.
Now that we are all supposed to be back at work, whether virtual or in person, it is time to get back to our plans. Of course, not the same old plans, but plans to move forward, nonetheless. As you will see, content here is a bit beefier now than it was over the summer. And the Association is getting back to long-range planning and getting CMT testing back into gear. This month, we also announce the 2021 Charles H. Dow Award, with updated submission requirements.
Also in this edition, we have Rui Matos’ article on seasonality in the commodities markets, and how to hedge/profit using options. Alon Horesh shares his thoughts on Machine Learning with regard to finding support and resistance levels. And this month’s member interview is with Vincent Randazzo, CMT, from Lowry Research.
From the Association, we’ve got membership news, and an announcement for remote proctoring in the CMT exams. The Washington DC/Baltimore had a virtual meeting in July and offered a few notes about their guest speaker.
There you go. Keep your fingers crossed that we are on the road to normalcy.
Michael Kahn, CMT
President’s Letterby Scott G. Richter, CMT, CFA, CHP
Thank You Mumbai Chapter; The Future is Bright! I want to thank the CMT Association India, Mumbai Chapter for including me in their August Virtual Chapter Meeting. I was very excited and humbled to...
Secure Your Summit Registration Todayby Marianna Tessello
Last year, the inaugural CMT India Summit brought together the legends of technical analysis with the brightest minds in the business. This year, we will explore how to “Navigate the Unthinkable”...
The CMT Program is Back on Trackby Stanley Dash, CMT
It would be an understatement to say that we have all been tested this year. The direct impact of the pandemic on the CMT Program was the postponement of the June 2020 exams. But now we are pleased...
Announcing the Charles H. Dow Award 2021by Andrew Thrasher, CMT
In 1994 the CMT Association established the Charles H. Dow Award to highlight outstanding research in technical analysis. The Award has received over 160 submissions, and recognized 23 papers for...
Exploiting Commodities Seasonality with Optionsby Rui Matos, CFA, CFP, FRM
Just as the global economy has cycles and economic changes that play an important role in commodity supply and demand, seasonal factors also impact prices. Seasonality involves fundamental reasons...
Washington DC/Baltimore Virtual Chapter Speaker Summaryby Ian McMillan, CMT
The Washington DC/Baltimore Chapter of the CMT Association held a virtual chapter meeting on July 7, 2020. The featured speaker was Frank Cappelleri, CMT, CFA, Executive Director, Instinet, who...
Identifying Support and Resistance Using Machine Learning Algorithmsby Alon Horesh
Editor’s note – You might read this method for establishing highs and lows to be used in resistance and support and say, just look at the chart. However, this article is about machine learning so...
Northern Ohio Virtual Chapter Speaker Summaryby Kevin C. Pietrzyk, CMT, CFTe
On August 25, the Northern Ohio Chapter of the CMT Association held a virtual meeting, “Understand the Anchored VWAP,” with guest speaker Brian Shannon, CMT (Founder and CEO of...
Member Interview with Vincent Randazzo, CMTby Vincent M. Randazzo, CMT
Please tell us what you do professionally. I am a Senior Market Analyst at Lowry Research, which is known to many members as former CMT Association President Paul Desmond’s shop. How did you get...
Membership Newsby Marie Penza
Members on the Move The CMT Association would like to congratulate the following members on their new positions: Brendan McCarty, CMT, Principal at Column E Management, LLC Guy Ortmann, CMT, Director...
New Educational Content This Month
In addition to several chapter meeting recordings, this month we’ve added webcasts from Ryan Detrick, CMT and Walter Deemer to the archives. Listen to the recent Atlanta chapter event “V-shaped market with U shaped Economy … What’s Next?” with Mark Newton, CMT, and browse other new topics.
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...
Marianna Tessello served as the CMT Association's digital producer from 2018 until 2021. She was responsible for the management of most of the association's front-end digital assets during that time, including social media production, current website information and updates, and...
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...
Andrew Thrasher, CMT
Andrew Thrasher, CMT is a Portfolio Manager with Financial Enhancement Group, LLC, a wealth management firm in Indianapolis, Indiana that works with high net-worth families and corporate pension plans. Mr. Thrasher manages one tactical strategy, co-manages five asset allocations...
Rui Matos, CFA, CFP, FRM
Rui Matos joined Catalyst Capital Advisors in 2020. He is currently a Portfolio Analyst of the Hedged Commodity Strategy Fund at Catalyst Funds. Mr. Matos has over 25 years of investment experience beginning his career on the interest rate swaps trading desk of a major...
Ian McMillan, CMT
Ian McMillan is a Market Technician at Client First Tax & Wealth Advisors. Prior to his role at Client First Tax and Wealth Advisors, Ian was a Senior Analyst based out of the Washington DC area. Ian has been in the wealth management/RIA arena for 11 years. He spends...
Alon Horesh is the Cofounder of AlphaOverBeta, a company that specializes in automated trading solutions, focusing on providing artificial intelligence-based solutions to fund managers and brokers all across the globe. He is an active trader in the US equity markets since 2005...
Kevin C. Pietrzyk, CMT, CFTe
Vincent M. Randazzo, CMT
Vincent Randazzo, who holds the Chartered Market Technician (CMT) designation, is a Senior Market Analyst and Portfolio Manager at Lowry Research Corporation. Previously, he was a Managing Director and Chief Market Analyst at NASDAQ. Vincent has close to 20 years of experience...
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