The STA Blog - Page 3
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
Normally held as evening lectures at the London School of Economics, this autumn term the Society of Technical Analysts has turned to online and virtual reality in order to deliver its course. A pity, and a challenge, as so many […]
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 […]
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.
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.
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.
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?
Click here to read ZeroHedge's article about iconic technican, Tom deMark.
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.
Currently Chief Market Strategist at StockCharts.com in Seattle, I’ve known David from his Bloomberg days. He also has a blog called The Mindful Investor, on which this excellent webinar is broadly based. Interestingly, his first chart maps the high and lows of his career progress as a technical analyst. An idea cobbled from interviewee graphic designer Ken, who he subsequently hired. Creativity and thinking outside the box are David’s strengths.
- ‘Applying macro fundamentals to short-term trading’: By Anthony Cheung October 14, 2021
- Energy Trading Week: In conjunction with CommoditiesPeople.com October 7, 2021
- STA Freedom Party: Something to celebrate September 28, 2021
- New Lessons from Brain Science: and how they inform risk taking September 23, 2021
- Market reaction to EU July Industrial Production September 17, 2021
- 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
- Colours, clashes and clichés: How and why use colourful charts on
- Do you know Aroon? I do, but not very well on
- Must read classics: Richard W Schabacker – the real bible of technical analysis on
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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.