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Black Friday: The English may be shedding tears as Tiering is worse than full lockdown
As a very difficult year limps into its last lap, the toll to health, sanity and the economy is probably far higher than many would admit to. Imprisoned in our homes, worried about job prospects, barely able to socialise, exercise […]
Tags: Art, Stately Homes, Travel, Virtual reality
Bubbles, busts, and how to spot them: Books at bedtime
Rather than chamomile tea and a collection of soothing fairy tales for your night table, I have better ideas as to what you should read this winter. Not horror stories or fantasy gladiators, but cautionary tales; sort of in the […]
Tags: Excess, history, Speculation
A fireside chat with author Jack D Schwager: He of Market Wizards fame
Hosted by Steven Goldstein, and timed to coincide with the launch of his latest book, this eagerly awaited event aired yesterday the 10th November 2020 with only the tiniest glitch. Of interest was that this (virtual) STA monthly meeting was […]
Tags: discipline, Risk manageent, trading
All eyes on the USA: Just in time for the elections
No, I’m not going to attempt so-called expert coverage of the ins and outs of Democrats versus Republicans and their leanings. We have seen how very badly the pollsters have done here and, more worryingly, with scientists’ predictions of the […]
Tags: confidence, Experience, Holding On, oscillators, trading
IFTA 33rd Annual Conference: Held over 24 hours on the 24th October 2020 with 24 expert speakers
This year’s International Federation of Technical Analysts annual conference was due to take place in Philadelphia, hosted by AAPTA. With travel restrictions and limits on the number of participants at meetings due to the Covid-19 virus, it couldn’t go ahead. […]
Reminder of the tie-ups the STA has with other financial associations
A fortnight ago I wrote about the STA links between Steve Goldstein’s Alpha R Cubed Ltd and AlphaMind. This was handy as he will be interviewing Jack Schwager at our next STA monthly meeting (via Zoom) on Tuesday 10th November […]
Tags: Education, finance associations, personal development
Bitcoin: digital gold or a speculative growth asset? Charlie Morris’ online STA October monthly meeting
Chief Investment Officer at ByteTree Asset Management, and STA member, Charlie describes himself as ‘’a technician at heart’’ where ‘’portfolios is my real job’’. Pre-pandemonium, when STA members could meet in person, he asked me if I ever covered crypto […]
Tags: Bitcoin, correlation, Cyrpto Currency, Portfolios
STA links to other organisations: Alpha R Cubed Ltd and AlphaMind
Steven Goldstein is associated with both, as managing director of the former and as joint host with Mark Randall in the latter. The gents go back a while, as do I, and have a wealth of experience in trading markets. […]
Market Wizards – and their lesser known cohorts: Jack Schwager hits the book launch circuit
Great excitement regarding the STA’s speaker at November ‘s monthly meeting (18:30 Tuesday 10th November – via webinar). As STA Treasurer Karen Jones pointed out: ‘’we always line up great speakers but have out-done ourselves this time’’. We’re talking about […]
Tags: author, Books, interview, Jack Schwager, Market Wizards, publisher, Steve Goldstein
Introducing our next speaker: Charlie Morris, a regular at STA monthly meetings
He’s given talks to us before, and no doubt will be doing so in the future, but before that, pencil in this date: Tuesday October 13th at 18:30 – via webinar. This is our next monthly meeting where he’ll assess […]
Tags: Bitcoin, blockchain, digital assets, funds
Colours, clashes and clichés: How and why use colourful charts
Plowden & Smith are an expert art and antiques conservation business in south London who I follow on LinkedIn. Tackling projects great and small, their level of expertise and willingness to share some of it is refreshing. Very recently they published a video piece on colour theory where Hugo Nathan, of art advisory firm Beaumont Nathan, picks a series of works on the subject for a fantasy exhibition he is curating.
What’s all this got to do with technical analysis, you ask. Because colour, and colour combinations, really do matter. How long have many new home owners spent agonising over dabs of paint and swatches of fabric. Yet rarely do we put as much time and thought into our chart’s colours. Too often we just stick with the default setting.
Tags: confidence, Hard Data, Opinion Surveys, Survey Data
Confidence and the Corona Virus: What are consumers to make of it all?
The word ‘confidence’ has been bandied about a lot of late; more specifically, prefaced by ‘lack of’. Currently centre stage in Britain is the Secretary of State for Education, the Rt Hon Gavin Williamson CBE. He is merely one among many, with ‘The Science’ and its 4 Chief Medical Officers (earning on average £259,000), Public Health England (which has had to be disbanded), and the judiciary too – just for good measure.
Tags: confidence, Hard Data, Opinion Surveys, Survey Data
How best to present technical analysis: Media formats and delivery systems
My daughter, an international news journalist, has been increasingly asked to do radio work. She does daily, weekly and monthly print offerings for mainstream media, as well as television coverage of breaking news, plus magazine features. She was the one who sent me this link about Britain and the corona virus pandemic.
‘Too Much and Never Enough: My Family Created the World’s Most Dangerous Man’ – A tell-all memoir by Mary Trump
Unsurprisingly this book, published on the 14th July 2020 and which her uncle, the US President tried to ban, sold 1 million copies in its first day! From some of the brief book reviews I’ve read, Fred Trump Senior (Donald’s Dad) comes across as a particularly nasty specimen who moulded and manipulated his five children and disinherited Mary and her brother.
Everyone hates a short seller: Forgetting they’re an important tool of discovery
In any business transaction, be it financial, real estate or retail therapy, for every buyer there must be a seller. One can either sell something one already owns, or sell ahead of delivery to lock in the price. The latter is at the very heart of, and the reason for, the creation of futures contracts; so that farmers can fetch a guaranteed price for their estimated crop or herd.
Tags: hedge funds, Long/short
An economist’s lexicon: Alphabet soup to describe economic recovery
Above, a Tweet last week from Nouriel Roubini, one of the few economists I used to listen to; now he too is jumping on this silly bandwagon. As the Queen famously asked of the 2008 financial crisis (at the London School of Economics), ‘’why did no one see it coming?’’. What hope is there then of this lot spotting not only when the corner has turned, but how much momentum there’ll be in the next move?
Tags: retracements, Reversal patterns, targets
Tom DeMark sees the S&P hitting 3,486 before the rally ends
Click here to read ZeroHedge's article about iconic technican, Tom deMark.
Mind over matter: Especially important under lockdown conditions
Anyone involved in the trading community will know of the plethora of classes, coaches, gurus and what not out there willing to turn you into an overnight success. Each has their special angle, be it motivation, risk control, discipline and Zen Buddhism. There are also excellent text books, one of the oldest of its kind is Dale Carnegie’s 1936 ‘How to win Friends and Influence People’. Now available as an audiobook which I think is currently free on Alexa hardware.
Tags: Behavioural finance, Space, Trading Coaches
History of the Gartley Pattern: With thanks to Larry Pesavento and Leslie Jouflas
With precious little interesting to do in lockdown London – other than going for walks and enjoying the beautiful sunshine – I decided to attack paperwork at home. Not the utility bills, insurance policies and income tax, but the piles of things generated over many years as a journalist, author and keen technical analyst. You can tell I, like so many others, have not exactly embraced paperless work.
I consider my very long term charts – of markets, economic trends, demographics and whatever – like gold dust. However, I can see that the ink on some is fading and that eventually the paper will probably crumble and turn to dust too. Over the years these have been adequately filed and needed little rearrangement. More recent finds, currently in the pending box, were sorted and added to these.
Tags: Fibonacci, Retracement, Swing Trading
When is an island not an island? A: No, the answer isn’t Brexit Britain
With lockdown being de rigueur this season, and all the talk of family bubbles, travel corridors, quarantining and social isolation, I happened to spot a few potential island reversals in the charts. Which then set me thinking about their validity, considering the other idea that gaps should be filled.
Tags: Fibonacci Retracements, gaps, Island Reversals, moving averages
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