The STA Blog - Markets - Page 10

Scam emails from HMRC – Reported by 900,000 people

The Weekend FT has a small FT Money section which covers personal finance (rather than companies and markets). It often has articles which are relevant to one’s current or future circumstances, or cover aspects that a friend might find helpful. I was shocked to read on Saturday that Her Majesty’s Revenue and Customs had purportedly sent out scamming texts and emails and made phone calls to 900,000 people – who had reported them – over the last year. Sounds to me that there could be an awful lot more.

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Charting the Markets with IG TV: Nicole Elliott on her day’s work

Recorded and broadcast live on Thursday the 21st November, Victoria Scholar gets Nicole Elliott FSTA to run through the charts and thinking behind that day’s email sent out to Investors Chronicle subscribers. Daily she covers 3 main indices, 2 currencies and spot gold, adding a little bit of market relevant news and published economic data to set the scene.

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Posted in Finance, Markets, Technical Analysis, Technical Analysis Courses, Trading
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German corporates penalised by the ECB: Banks impose negative interest rates on cash balances

For a nation which prides itself on prudence, saving and balancing the government budget, they are furious at the ECB’s never-ending ‘quantative easing’ and now a minus 50 basis point key ‘lending’ rate. Data published by the Bundesbank, and a very interesting article in the Financial Times, this week show that of the 220 lenders surveyed at the end of last month (September 2019) 58 per cent of banks were levying negative interest rates on some corporate deposits, and 23 per cent doing the same for retail deposits.

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Posted in Finance, General, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Price matters, but Process more so: A lecture by Andy Dodd MSTA of Louis Capital Markets

Introducing himself as an Essex boy who speaks very fast – which he does – and someone not used to giving professional lectures, he’s so engaging the talk went swimming along nicely. He started with a slide his compliance department insisted he must include; every salesman’s bane. Then followed a brief outline of his career since 1986, of which Instinet was the longest stint. It took him a little while to truly embrace technical analysis, he says, because he’d heard, ‘’every galleon at the bottom of the ocean has a chart room’’.

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Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
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Charting the Markets with IG TV: Special show on the Andrews pitchfork

Recorded and broadcast live on Friday the 8th November, just ahead of Remembrance Sunday 2019, STA Committee member Eddie Tofpik appropriately decided to do a special educational show on the Andrews pitchfork. Church on Sunday reminded me that Isaiah 2:4 says: ‘’and they shall beat their swords into ploughshares, and their spears into pruning hooks: nation shall not lift up sword against nation’’.

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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‘The Man who Solved the Market: How Jim Simons Launched the Quant Revolution’: A book review by Robin Wrigglesworth

On reading the Weekend FT last Saturday, I stumbled on a piece entitled ‘Algorithm for our times’ about a man I’d never heard of. It’s the American in the photo, taken in 2011, who looks like a grizzled and possibly grumpy old man (says this grumpy old bag). It’s no wonder I, and no doubt many others, are unfamiliar with his name and face as he shunned publicity. In a rare 2006 interview he says, quoting Orwell’s donkey in ‘Animal Farm’: ‘’God gave me a tail to keep off the flies. But I’d rather have had no tail and no flies’’.

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Posted in Finance, Markets, STA news, Technical Analysis Courses, Trading, Trending
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Momentum, Echo and Predictability: Evidence from the London Stock Exchange (1820-1930): Eye catching, as one doesn’t often see stock charts this old

One of the ‘advantages’ of being a journalist is the vast amounts of unsolicited email I receive. The other is that I spend a lot of time on social media and websites looking for information, finding what’s new, and what […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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‘Market action discounts everything’ says Technical Analysis: But sometimes price charts lie

Before reading on, take a close and careful look at the chart that goes with this piece. I’ve deliberately not told you what the financial instrument is, nor what it’s priced in, or where it’s traded. It looks, for all […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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‘Taking the Floor: Models, Morals and Management in a Wall Street Trading Room’ Presentation by Daniel Beunza (Cass Business School, SRC, LSE), 11/Oct/2019

Coinciding with his book launch – of the same title and published by Princeton University Press – I was invited, as a journalist for the Financial Times in London, to a presentation on the subject by the public relations firm […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Charting the Markets with IG TV: Lee Sandford MSTA speaks to host Jeremy Naylor

I must say, I don’t envy men these days; sartorial decisions are so very nuanced. IG TV host Jeremy Naylor this week invited Member of the Society of Technical Analysts’ Lee Sandford of tradingcollege.co.uk onto their regular slot, looking at […]

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Posted in Markets, Technical Analysis, Technical Analysis Courses, Trading
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‘Logical Price Action: Utilising Wyckoffian Principles in Modern Times’: Lecture by William Reardon 8 October 2019 18:30 BST

Invited by STA Executive Committee member David Watts to give this talk (who’d heard about him through the www.trade2win.com forum for active traders), I introduced myself and apologised for knowing nothing about his subject. Unfazed, William told me he was […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Pitchforks at the ready! Just in case Brexit really gets going

I’m not talking French Revolution or anything like that – at least I hope not – but to tie in with this week’s IG TV interview with Eddie Tofpik MSTA, Senior Markets Analysts at ADMISI, where he makes extensive use […]

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Posted in Finance, Markets, STA news, Technical Analysis, Trading, Trending
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Charting the Markets on IG TV: Victoria Scholar interviews Eddie Tofpik MSTA

Recorded yesterday, October 2nd 2019, and sent over to me today, I cannot believe Eddie described the chart of the Australian dollar versus the US as ‘’a very pretty chart’’ and that cable’s rally was a ‘’fly in the ointment’’. […]

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
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Dow and the Decennial Cycle: Article by David McMinn in Market Technician magazine

Like it or not, we are closing in on the end of September and the third quarter of 2019. Some are scurrying around the Federal Reserve Bank of New York desperate for cash to tidy up their books coinciding with […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending
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Charting the Markets with IG TV: Nicole Elliot hits the airwaves as Brexit turmoil bits

IG TV host Jeremy Naylor this week invited Fellow of the Society of Technical Analysts, Nicole Elliott, onto IG’s regular slot looking at the week’s markets from a chartist’s perspective. Both agree that Brexit is dominating the headlines, Britain’s Supreme […]

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Posted in Finance, General, Markets, STA charts, STA education, STA news, Technical Analysis, Technical Analysis Courses
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Grand Gala Dinner goes with a bang: A quick re-cap for those who couldn’t make it

For some time now, every year in early September the STA books the National Liberal Club for a formal sit-down 3-course dinner – because Liberal Party members are away for their annual conference – and we have the club pretty […]

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Posted in Finance, Markets, STA charts, STA news, Technical Analysis Courses, Trading, Trending

The Role of Subjectivity in Technical Analysis: Read about last week’s STA talk with Tim Parker MSTA

Tim Parker MSTA is a veteran in the field of technical analysis and this was evident in his talk. Tim started the session by asking who in the room was optimistic about the state of the financial markets. Around 30% […]

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Posted in Finance, General, Markets, STA charts, STA education, Technical Analysis, Technical Analysis Courses

Charting the Markets with IG TV: Client Adrian Rye on Elliott Wave Theory

IG TV host Jeremy Naylor this week invited in one of their clients, Adrian Rye, an independent technical analyst. Trained as a commercial financial analyst, he comes across well: honest, believable and clear. Better and better: his charts are superb. […]

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Posted in Finance, General, Markets, STA charts, STA education, Technical Analysis, Technical Analysis Courses

Tim Parker MSTA – the Subjective Technical Analyst: If you missed the talk, read the article

Such a pity I couldn’t make it to the STA’s September 2019 monthly meeting at One Moorgate Place; events beyond my control. A member of our society for many years, Tim Parker is a top-flight technical analyst with a very […]

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Posted in Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending

Charting the Markets with IG TV: Patricia Elbaz goes to school

I think that Patricia Elbaz MSTA just might be IG TV host Jeremy Naylor’s teacher’s pet. In his own words: ‘’through an interesting summer…and a difficult time ahead, it’s back to school’’ – especially for Patricia who lectures at several […]

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Posted in Finance, Markets, Technical Analysis Training, Trading, Trending
Disclaimer

The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.

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