MTA Archive

Exceptional Education, Meaningful Mission

Posted July 19, 2017 By APTA.org.au

Have you ever wanted to be a part of an organization with clarity of purpose? With international reach and growing global membership? With integrity and core values you agree with? Do you desire to give back to the industry and take part in a mission driven body of professionals managing market risk?

Through your participation in various events, we know you recognize the educational benefits of membership. As an investment professional, we encourage you to take the next step as an advocate of professional ethics, accountability and competency. The next 50 years of the CMT Association will depend on even greater engagement from the investment industry and professionals like you.

The Australian Professional Technical Analysts (APTA), in association with the CMT Association drives value through three main areas: the CMT curriculum, educational programming, and our growing professional network:

 

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APTA and CMT Association FAQs

Posted July 19, 2017 By APTA.org.au

APTA and CMT Association FAQs

What is the CMT Association and what do they have to do with APTA? 
CMT Association information Click here.
APTA and the CMT Association have a strategic partnership in Australia, offering honorary membership to CMT Association members.

How can I learn more about theCMT Association ?
Watch the following short video

What are the benefits of an APTA or CMT Association Membership ?
The three main benefits of an APTA or CMT Association membership are:
1. Qualifications – CMT Examination (CMT Association) or AMT – An APTA qualification.
2. Education
3. Networking

MTA Benefits Click here

BENEFIT 1: QUALIFICATIONS / CMT EXAMINATION

What qualification does APTA offer?
APTA qualifications

What is the value of the CMT examination ?
Click here

What is the structure of the CMT examination ?
Click here

How can I get detailed information about the CMT examination ?
Click here

BENEFIT 2: EDUCATION

The educational resources of the CMT Association are available to APTA members by registering at the APTA website.

The 8 sources of education for an APTA or CMT Association member:

1.  Student Newsletter

2. Knowledge Base

3. Educational Webcasts

4. Podcasts

5. Journal of Technical Analysis

6. CMT Newsletter

7. CMT Association Library

8. Technically Speaking Newsletter

BENEFIT 3: NETWORKING

Who presents to the APTA Meetings ?
Institutional Traders & Analysts (banks, hedge funds, brokers) and APTA members present their trading and analysis techniques.

APTA Meetings are free for APTA and CMT Association members to attend.

What are some of the benefits of attending APTA Meetings ?

Educational content (learn new market strategies)
Networking opportunities (meet people in the industry and exchange business details)

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Welcome to the CMT Association

Posted July 19, 2017 By APTA.org.au

After nearly 50 years of service to the financial industry, the Market Technicians Association proposes that we become the CMT Association. The Association’s leadership including Board Members, founding members, and senior staff, recommend that members approve changing our organization’s name. Having carefully considered all implications of the legal name change, the leadership feels that it is imperative to rationalize the number of acronyms out in the industry. We hope you’ll read the description below of the rationale and view the short presentation above. We’ll need your feedback on this proposal before we introduce the new brand to the industry. Pending approval by a vote of the Membership, you’ll see the new look and name anywhere we’re out in public, like our website, publications, digital webcasts, and on our social media outlets including LinkedIn, Facebook and Twitter. You will see new signage and materials at your local chapters, as well.

The new brand name better matches what the Association has become: the provider of the preeminent global designation for financial professionals committed to advancing the discipline of technical analysis. When our Association began, we operated for years without a credentialing body, exam process, or even a formal charter. Since our legal incorporation in 1973, we’ve been the Market Technicians Association, but the Chartered Market Technician designation was not offered until 1988.  Over the years, we preserved the MTA name and did not consolidate the branding of our two acronyms – MTA and CMT.

Today, the CMT Program is central to every initiative and represents the professional identity of nearly all our Members. The new name reflects our continued commitment to our global members and unique capability to advance the discipline of technical analysis among industry professionals. This name change allows us to consolidate the MTA and CMT acronyms to improve our brand recognition and elevate the prominence of our CMT charterholders’ designations worldwide.

Our rebranding effort intends to align with industry best practice. In our field, other notable organizations are designation-centric, such as the CFA Institute, CFP Board, and CAIA Association. We also aimed to reduce confusion in the marketplace around our multiple acronyms, and better match our name to our core value proposition and the constituents we serve. A small team of staff and volunteers worked with professional designers to create something crisp, approachable, professional, modern and connected.

CMT Association Logo

proposed logo as part of 2017 brand recommendation

The “M” of the logo creatively represents a bar chart, but it’s stylized and emphasized through color to connote the importance of “Market” within our name. The study of price behavior is about markets in comparison to the study of fundamentals and the assessment of companies. Our decision to use the acronym in the logo was also inspired by the diversity of our members. A “CMT” is a portfolio manager, a research analyst, a financial advisor, an asset allocator, a quantitative trading system developer, and many more things – but always a professional committed to advancing the discipline of technical analysis and upholding the highest ethical standards in the industry.

 

Description of design choices

 

We hope you like this new look for the CMT Association and welcome your feedback through this brief survey. Look out for more updates and a broader industry presence as we continually try to better serve our members with the preeminent global designation and highest member value in all our programming and initiatives.

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By Maya Ganguly

Even today, technical analysis still gets a bad rap as being, at best, a self-fulfilling prophecy and, at worst, financial voodoo.
And while its practitioners are usually not good ambassadors for the discipline, that does not take away from its usefulness.

It is true that technical analysis — the study of data generated from the market through trading activity and sentiment — is most often associated with day traders and, unfortunately, get-rich-quick marketing. However, it is perfectly suited for use by traders who hold positions for a few days to a few weeks. And, more importantly, it is useful for investors interested …read more

Source:: MTA News

      

By Shane Skwarek

In this issue…

  • CAN WE IMPROVE SECTOR ROTATION? by: Corey Hoffstein
  • GUILLOTINE INVESTING – KEEPING YOUR HEAD WHILE OTHERS ARE LOSING THEIRS by: KD Angle, reviewed by Michael Carr, CMT
  • BEHAVIORAL FINANCE BEYOND THE MARKETS: A REAL-TIME CASE STUDY OF RUSSIA’S MILITARY RESURGENCE by: Matt Lampert, Alyssa Hayden and Alan Hall
  • BONDS OR STOCKS? INVESTORS ARE BUYING BOTH by: Chad Shoop, CMT
  • THINK INCOME AND GROWTH DON’T EXIST IN THIS MARKET? THINK AGAIN by: Cambria Investment Management
  • ELLIOTT WAVE GRAND SUPER CYCLE ANALYSIS OF THE S&P 500 CASH INDEX – SUPPORTED BY CLASSIC TECNHICAL ANALYSIS by: Lara Iriarte, CMT
  • THE ‘GRAND OLD PARTY’ AND THE U.S. DOLLAR …read more

    Source:: MTA News

          

Ralph Acampora: Dow Theory Divergence Signals Caution

Posted June 16, 2017 By APTA.org.au

http://www.financialsense.com/ralph-acampora/dow-theory-divergence-signals-caution?utm_source=newsletter&utm_medium=email&utm_campaign=weekly

The following is a summary of our recent interview with well-known market technician Ralph Acampora, which can be accessed on our site here or on iTunes here.

Divergence in Sectors Says Be Aware

We’ve seen Dow Industrials heading higher recently, while Transports have been struggling. From Acampora’s Dow Theorist perspective, he sees indications that the move higher may be wearing thin.

“For those who follow the theory, in any kind of rally from current levels, you want both indicators to make new highs,” he said. “If they don’t, then this divergence … suggests that maybe we’re in the latter innings of this move.”

When he looks at current charts, particularly in the tech sector, for example, he’s starting to get a nosebleed, he stated.

“It’s starting to go parabolic,” Ralph said. “I don’t know how greedy one wants to be. If you want to hang in there and try to get every nickel out of the run, God bless you, go ahead. But you better have some stops in there somewhere along the line because you can’t continue at that rate.”

Still a Secular Bull, But Watch out Short-Term

Despite divergences, Acampora is still a secular bull. A secular move can last for a couple of decades, he noted, and with this current move higher beginning from the low of March 2009, he believes we still have room to go. But that doesn’t mean we won’t see problems develop in the short-term.

“We’re 8 years into this, and we haven’t had a significant pullback or correction in quite some time,” he said. “When I look at the current market, I see it as very split. For example, look at today. The Nasdaq is at an all-time new high and the Dow is struggling. That’s classic.”

Various sectors are doing well, such as Technology and Industrials, while others are making new lows, such as energy. The financials are rolling over, he added.

“For the first time in many months, I’m taking my foot off the pedal a little bit,” he said. “I don’t want to sound like a super bear because I’m not … I am a secular bull, and I’m looking at the long-term, and I’m very optimistic. But in the near term — and I define the near term as the next several months — I think you have to be very selective.”

He likes Consumer Discretionary (XLP), Consumer Staples (XLY), Industrials (XLI), Technology (XLK) and Utilities (XLU), he noted.

What Might Trigger a Move Lower?

The traditional 6-month presidential honeymoon period in markets is almost over, Acampora stated. We also haven’t seen tax cuts or regulatory reform yet, either, and he sees these as increasingly less likely to materialize soon.

“Honeymoons come to an end,” he said. “Even Ronald Regan’s honeymoon only lasted 6 months, and then he had a bear market. That’s not unusual.”

We often see markets stumble starting towards the end of a new administration’s first year and into its second year. However, the second half of the president’s term can still produce moves to the upside, which is what he expects will happen.

We’re also seeing a Federal Reserve that appears likely to raise the key interest rate again in June, which might produce a stumble in the markets, Acampora noted.

Words of Wisdom for Investors

For younger investors, Acampora still advises putting money away on a dollar cost average basis as early as possible. For those closer to retirement, dividend-paying stocks are attractive.

At heart, he’s optimistic about the economy.

“I have a farm in Minnesota, and on the farm, I have a big barn,” Acampora said. “I’ve been in Wall Street for 50 years. This summer, I’m going to hand paint the largest chart of the Dow Jones Industrial Average in history going back 50 years. I’m going to put a little quote at the end of it: ‘It pays to be an optimist.’”

Listen to our daily interviews with leading guest experts by clicking here.

By Emily E.A. Meyer

RegisterNow

Registration for the October 2017 administration of the

Exam Dates:
CMT Level I & II: October 19-21, 2017
CMT Level III: October 19, 2017

Registration Deadlines:
Early Registration: August 18, 2017
Register & Schedule Level III Exam at Prometric: September 19, 2017
Final Deadline to Register for Level I & II: September 19, 2017

Dates will soon be announced for upcoming CMT Webinars as well as upcoming CMT Education Web Series Presentations.

Important Registration Note:
The MTA headquarter staff and Prometric (secure CMT exam administrator) work diligently to accommodate all candidates, but seats are reserved on a first come, first served basis. You might encounter difficulties securing the …read more

Source:: MTA News

      

By Emily E.A. Meyer

The Puget Sound Chapter of the MTA invites you to our next chapter meeting on Thursday, December 15, 2016. We are pleased to have Jesse Felder as our guest speaker for the August meeting.

Register Here

We encourage you to bring clients or colleagues interested in technical analysis to this presentation.

Complete event details are listed below. We hope to see you there!

Leslie Jouflas, CMT
Brant Greene, CMT
Tom McClellan
Puget Sound Chapter Chairs


Date: Thursday, December 15, 2016

Time: 7:00 PM – 8:30 PM

Topic:
Jesse Felder began his journey on Wall Street in the mid-1990’s as a boring old Ben Graham-style value investor just as the stock …read more

Source:: MTA News

      

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