The STA Blog - Technical Analysis
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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.
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?
Years ago disgruntled from Surrey would write a letter to the editor; pedantic fool complain about spelling and punctuation; ‘expert’ in the subject pick on the minutiae in an academic paper. Same old, same old as these issues exist today, transported to electronic means of communication, but remain constant themes. The difference is in the relative speed of action and reaction, and the subsequent issues raised.
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.
The rather dry title of this month’s STA webinar presented by Andrew Pancholi who promised us a ‘’40 minute whistle-stop tour of 30 years of work’’. He lived up to his threat and I urge all and sundry to watch this fascinating presentation – regardless if one’s interested in technical analysis, cycles, or financial history.
In a week when even President Trump was called out for spreading dubious facts on social media, you know that the format has a big problem. The obvious scare-mongering is often easy to spot, and we all know that screaming headlines sell newspapers. But when it comes to the coverage of financial markets, the economy, and long term trends, the record is truly terrible.
Almost exactly 10 years ago – 6 May 2010 at 14:32 US Eastern Time – the Dow Jones Industrial Average suffered its second worst ever intra-day loss of 998 points – in just 5 minutes; it then took half an hour to get back to where the shambles started. Five years on, in April 2015 at the age of 36, Navinder Singh Sarao was indicted on 22 charges of financial misdemeanours. The authorities realised that market integrity was at stake and so, the Commodity Futures Trading Commission, Securities Exchange Commission, the FBI and the UK Met’s boys in blue swung into action.
The STA’s May monthly meeting was, unfortunately, conducted via webinar because of the Corona-19 virus; a pity as veteran (3rd time) invitee Zaheer Anwari is someone I look forward to catching up with over networking and drinks at our regular events. What I found out in this week’s presentation is that he has had a varied and interesting career, though he claims to be from a rather ordinary background.
As a handful of countries start lifting corona-virus related restrictions, Britain looks set to enter another 3 weeks of lockdown. Tuesday the 14th April was the second STA Monthly Meeting that was held online due to limits to the size of indoor gatherings. Our guest speaker, Sankar Sharma, was obviously delighted to be invited, saying he was proud to be ‘among the best in the world of technical analysis’.
Shakespeare’s Julius Caesar came to a sticky end on the 15th of March, lending the phrase negative connotations ever since. In fact, an Ide is a very ancient word for certain dates in the calendar, the first full moon of the month (March, in this case). Tonight, the 7th April, we have another full moon, a pink super bright one as the moon’s elliptical orbit around the earth brings it closer to us than usual. It actually looks orange, and the ‘pink’ comes from the phlox that flowers at this time of year.
A very brave Joshua Mahoney of the IG platform faces an incredibly tricky time explaining the carnage in all sorts of markets on the morning of Monday 9th March 2020 – plus, trying to forecast the next step. Well done, we say, as this is precisely the time and space when we need clear advice and cool heads.
A phrase dreaded by market makers in all areas of finance who, because they are obliged to make two-way prices for existing clients throughout the business day, means there are more difficult orders on the way and the most recent price the client accepted was because it went in their favour. In other words, the dealer’s got stuck with a nasty position and scrambling out of it is about to get even harder.
Media outlets – and not just financial ones – have been getting terribly excited about the share price of US electric vehicle-maker Tesla. Admittedly the firm has stolen a march over its competitors, and Mr Musk has an army of ardent fans who almost believe he’s a visionary who can walk on water. But at the heart of speculation is whether, and how quickly, can his shares hit the $1,000 mark. Price action recently has been almost vertical – with a sharp stumble here and there. Cassandras, predictably, are saying it’ll end in tears.
- Black Friday: The English may be shedding tears as Tiering is worse than full lockdown November 27, 2020
- Bubbles, busts, and how to spot them: Books at bedtime November 18, 2020
- A fireside chat with author Jack D Schwager: He of Market Wizards fame November 11, 2020
- All eyes on the USA: Just in time for the elections November 5, 2020
- IFTA 33rd Annual Conference: Held over 24 hours on the 24th October 2020 with 24 expert speakers October 26, 2020
- A fireside chat with author Jack D Schwager: He of Market Wizards fame on
- Market Wizards – and their lesser known cohorts: Jack Schwager hits the book launch circuit on
- Technical Analysis by Clive Lambert MSTA: A journey through a career in the City using Technical Analysis on
- Colours, clashes and clichés: How and why use colourful charts on
- Technical Analysis in a negative world: Who pays who? on
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