STA Monthly Meeting May 2006
Tim actively trades his own funds across equities, fixed income, commodities & foreign exchange. Building on the disciplines imparted by the classics, he uses only technical analysis, with a variety of methods. He will focus on his use of various DeMark Indicators: TD Setup, Sequential, Combo, Moving Average 1, and how he combines these indicators. He aims to provide examples from a range of markets.
Tim manages technical strategy for fixed income and foreign exchange at Lloyds Bank in London. He has over 25 years’ experience of trading, sales and strategy and has been a member of the STA for the last 10 years. Tim applies a blend of trend-following with contrarian indicators, principally Ichimoku and DeMark, across all asset classes and timeframes. In addition to a passion for classical languages, he has also been spotted more recently in the gym.
STA Monthly Meeting April 2006
Prior to joining HSBC in 1998, Charles was in the Army, which instilled many of the essential disciplines for successful and consistent fund management. Although Technical Analysis is normally associated with market timing and trading, in order to make it more relevant within fund management, the objectives need to be altered. Stock selection and asset allocation are more important than market timing, and Charles will argue that, contrary to popular belief, technical analysis serves the former better than the latter.
Obviously, the generation of returns above the index is needed to justify an active fund manager’s existence, and a technical fund cannot live in isolation from this fact, and hide behind absolute return or trading. Charles will discuss the investment process behind the HSBC Global Trend Fund, with insights into currency-adjusted price relative (CAPR), trend following, contrarian investing, asset allocation and risk management.
Charlie Morris is the chief investment officer at ByteTree Asset Management (BTAM). He is a lead portfolio manager and develops both crypto and traditional investment strategies for BTAM. He has 23 years’ experience in fund management, where he has built a reputation for managing actively managed, multi-asset portfolios, with an emphasis on efficient diversification and risk management. Although well versed in traditional asset classes, Charlie is best known for his expertise in alternative assets, notably gold and Bitcoin.
STA Monthly Meeting March 2006
Tom leads a team of analysts in London and New York, and is responsible for the production of daily Technical Watch publications. Through the use of technical analysis and global spread relationships the Technical Watch publications present daily directional evaluations of Fixed Income, Foreign Exchange, and Equity futures and cash markets. Weekly technical publications include coverage of Asian capital markets, European Rates Weekly and the Global Futures & Options editions.
He aims to examine 2006 as a transition year for global fixed income markets that have been dominated by the bullish lower yield movement since 2000. Using correlation work, the 2000/2003 cyclical fixed income bull trends were primarily the products of the most severe equity setbacks since the early 1930’s. Higher yield corrections began in 2003, and the relationship between the current equity cycle and fixed income should decline by late 2006 early 2007.
Secular Exhaustion: Driven since 1981 in the US and early 1990’s in Europe, the consistent progress towards lower yields is reaching exhaustion. This has enormous consequences for yields over the next 2-10 years.
Tom Hobson has a wide remit at Merrill Lynch, including overseeing and coordinating EMEA rates publications and strategy recommendations, as well as the team responsible for the daily “Technical Watch” circulars.
STA Monthly Meeting February 2006
Mark will be talking about how the STA Diploma course – especially moving averages, sector and equity price/relative chart analysis – has helped his career progression, which is now geared toward the more dynamic hedge fund world. He will explain how he finds and trades high probability trades with high win/loss ratios, by using relative value in conjunction with technical analysis. Mark will give numerous examples of some of his recent trades and explain why it makes sense to focus on those sectors and stocks which are out- or underperforming the market.
Mark has been an equity sales trader since 1998, working for institutional/hedge fund clients at ABN Amro, CAI Cheuvreux and now Lehman Brothers.
STA Monthly Meeting January 2006
Implied volatility and put-call ratios are the only exact measure for sentiment that everyone can access. Making simple assumptions on how market-makers and the crowd (retail and institutional) behave, it is possible to derive from implied volatility an excellent gauge of fear and greed. Combined with price analysis, it increases the probability of spotting medium term trend reversals. It also appears that implied volatility obeys Dow theory, and can be analyzed as an asset of its own, therefore calling for trend reversals in volatility.
Valérie will provide recent examples and will share her experience of the methodology’s strengths and weaknesses.
Valérie Gastaldy graduated from ESSEC in 1985 to join immediately France’s largest broker at the time, Meeschaert-Rousselle, where she launched the first OTC index option in 1986, before being a market-maker on MONEP and then a prop ‘trader. Technical analysis appeared more adequate than fundamentals to answer her needs for short-term risk management.
STA Monthly Meeting & Christmas Party December 2005
Bill will not discuss the minutiae of TA very much, but, in his allotted span of 30 minutes, share some insights into his long and colourful career as a trader, broker and market journalist, aka market wisdom.
Bill graduated from the University of Virginia in 1966 and also has an MBA from the Thunderbird Graduate School of International Management, Phoenix. He first joined Morgan Guaranty on the government bond desk. After various stints as a broker to some famous names, he moved to the UK in 1997, when he joined Bloomberg.
STA Monthly Meeting November 2005
David will discuss his approach to analysing markets, with a particular focus on the application of Fibonacci. He will also look at the current outlook for global fixed income markets.
David Sneddon is a managing director of Credit Suisse in the Investment Banking division, based in London. He is global head of Technical Analysis and is responsible for overseeing the entire technical analysis product, covering the Fixed Income, FX, Equity and Commodity markets, as well as the provision of technical analysis education within Credit Suisse and for clients globally.
STA Monthly Meeting October 2005
Kevin will discuss the use of volatility bands as an adaptive tool to gauge the phase of the market. He will then outline a way to adjust oscillators using volatility, to enhance trading performance. Using these measures, he will conclude by focusing on some current observations.
Kevin Edgeley has worked in the city since 1982. He spent 15 years as a floor trader on LIFFE for Bache, HSBC and Goldman Sachs before moving to a technical strategy role within economic research.
STA Monthly Meeting / Extraordinary General Meeting September 2005
Tom will examine the market climate, and use technical analysis to discuss technical scenarios, by way of demonstrating the “rule of confirmation”. He will look at cross markets to formulate trading strategy. For example, looking at the UK interest rate cycle, and how that impacts on the yield curve and resulting fly trading activity. Tom will show how he uses various chart types – candles, bar & line – to confirm signals. He also looks at calendar and yield spread differentials, and in some instances applies objective tools like moving averages and m/a systems, as well as momentum tools.
Tom has 24 years’ experience of financial markets, starting as a technical analyst/strategist with Standard and Poors. After Merrill Lynch, he comanaged Othon Investment, a $2 Billion Hedge Fund, before becoming Head of Technical Strategy at RBS for 10 years.
STA Monthly Meeting & Summer Party July 2005
Jeff will adapt his normal monthly review to cover such international markets, sectors, bonds, commodities and currencies as can be shown within his allotted span of 30 minutes. He will focus mainly on what is hot, and to a lesser extent on what is not.
Jeff Hochman is Director of Technical Strategy at Fidelity Worldwide Investment. In his current role, Jeff manages a team of Technical Analysts with whom he provides support to Equity Fund Managers and Equity Research Analysts at both stock picking and macro asset allocation levels. He also frequently represents Fidelity to clients, the press and at conferences.
STA Monthly Meeting May 2005
David will focus on the latest findings on Ichimoku (Cloud) Charts, which were developed in Japan in the late 1960s, making them one of the most recent developments in Technical Analysis. Although there is still remarkably little written material available on the subject, the technique is becoming more widely followed in western markets. The Ichimoku session was one of the best acclaimed presentations at the Madrid IFTA Conference. David’s presentation follows on from that with the latest findings and observations.
David is founder and CEO of Updata, which he founded in 1991. Updata now has technical analysis clients in over 60 countries with offices in London and New York. David is a member of the American Association of Professional Technical Analysts and holds the Master Financial Technical Analyst qualification awarded by the International Federation of Technical Analysts. He is a well known market commentator in the press and on finance TV. He is the author of Cloud Charts: Trading success with the Ichimoku technique.
STA Monthly Meeting April 2005
David will focus on his theories regarding the behavioural patterns of markets, their underlying psychological associations and the harnessing of internal feelings as one trades the market patterns. He will use recent examples to illustrate his thoughts, and make several key market predictions. He aims to cover as wide a range of markets as possible, including gold, oil, the dollar and US equities.
David read physics and geophysics at university, and has 18 years of experience with J P Morgan and his own firm, in both proprietary trading and investing, using the application of Elliott Wave to foreign exchange, bond and equity markets.
STA Monthly Meeting March 2005
Bill will take as his starting point his recent lecture for the Diploma Course and develop the rather neglected theme of Dow Theory as far his allotted span permits.
STA Monthly Meeting February 2005
The soft commodities are particularly prone to swings on rumour, political events and weather, making careful analysis of the charts for risk/reward opportunities an essential part of any trading plan. During her talk, Elizabeth will cover the background fundamentals of the marketplace, and how to interpret the charts with that knowledge.
Elizabeth has been a member of the Society since 1992, and holds an MSc in Economics from Birkbeck College, University of London. She is well known in the softs market, having been widely quoted on Reuters and other services.
STA Monthly Meeting January 2005
After starting with charts of essential items like Gold, Oil and a few Currencies, he will show charts of the Major Indices before moving on to highlight the Best and Worst from the FTSE 100 list. He will conclude with a selection of the most bullish and promising charts in the FTSE250 and the FTSE SmallCap indices. The charts will be selected on the morning of the 12th January and, hopefully, there will be a few topical messages or themes at the start of 2005.
Richard is well-known to us as a Fellow, a founder member of our predecessor ACTA and a former chairman of the Society as well as an institutional stockbroker of long standing.
