I’m probably preaching to the converted, but: beware media headlines. Bad news is shocking, and shocking sells newspapers. Sensationalist wording gets eyeballs on social media. Slick and surprising video footage gets clicks; so it goes, and has always; therefore journalists are trained to write exciting copy. In fact, larger media outlets have teams whose sole job is to come up with catchy headlines.

The TV and media team and IG are a slick lot with a busy production schedule. As well as producing text and video content, they coordinate news feeds for the platform and do their own analysis. From Monday to Friday there are 3 TV slots: at 07:30 London time (Pre-European open bulletin); 10:30 Charting the Markets; 16:00 Trading look ahead.

I’m really looking forward to taking some time off over the Christmas and New Year’s Eve weeks. I’ve cut these out of my working diary for many years now, mainly because markets are dead – ergo technical analysis pointless – and it suits my employers/editors/powers that be. All well and good, but as a media luvvie I’m expected to file copy to cover these dates so I’ve been working double time this month.

Starting a few minutes late, up at the front of the conference hall at One Moorgate Place, London EC2 R 6EA, was new STA Chairman Tom Hicks who had previous incumbent Axel Rudolph’s big shoes to fill. He was flanked by Committee members Clive Lambert and Richard Adcock, plus Claudia Shaffer taking the minutes. All-round organisational whiz Katie Abberton was there to check memberships, give out red voting cards to those entitled to do so, count the votes ‘for’ – and as usual, there were none against the motions.

These were not any old fellows, but STA Fellows, I’ll have you know. The second time I’ve been invited, having only been made one of the gang last summer at the City Hall 50th STA birthday bash, the event had been in the planning for months. The Society books the venue and provides bubbly and wine, Fellows foot the food bill.

The Weekend FT has a small FT Money section which covers personal finance (rather than companies and markets). It often has articles which are relevant to one’s current or future circumstances, or cover aspects that a friend might find helpful. I was shocked to read on Saturday that Her Majesty’s Revenue and Customs had purportedly sent out scamming texts and emails and made phone calls to 900,000 people – who had reported them – over the last year. Sounds to me that there could be an awful lot more.

For a nation which prides itself on prudence, saving and balancing the government budget, they are furious at the ECB’s never-ending ‘quantative easing’ and now a minus 50 basis point key ‘lending’ rate. Data published by the Bundesbank, and a very interesting article in the Financial Times, this week show that of the 220 lenders surveyed at the end of last month (September 2019) 58 per cent of banks were levying negative interest rates on some corporate deposits, and 23 per cent doing the same for retail deposits.

Introducing himself as an Essex boy who speaks very fast – which he does – and someone not used to giving professional lectures, he’s so engaging the talk went swimming along nicely. He started with a slide his compliance department insisted he must include; every salesman’s bane. Then followed a brief outline of his career since 1986, of which Instinet was the longest stint. It took him a little while to truly embrace technical analysis, he says, because he’d heard, ‘’every galleon at the bottom of the ocean has a chart room’’.

Recorded and broadcast live on Friday the 8th November, just ahead of Remembrance Sunday 2019, STA Committee member Eddie Tofpik appropriately decided to do a special educational show on the Andrews pitchfork. Church on Sunday reminded me that Isaiah 2:4 says: ‘’and they shall beat their swords into ploughshares, and their spears into pruning hooks: nation shall not lift up sword against nation’’.

On reading the Weekend FT last Saturday, I stumbled on a piece entitled ‘Algorithm for our times’ about a man I’d never heard of. It’s the American in the photo, taken in 2011, who looks like a grizzled and possibly grumpy old man (says this grumpy old bag). It’s no wonder I, and no doubt many others, are unfamiliar with his name and face as he shunned publicity. In a rare 2006 interview he says, quoting Orwell’s donkey in ‘Animal Farm’: ‘’God gave me a tail to keep off the flies. But I’d rather have had no tail and no flies’’.

One of the ‘advantages’ of being a journalist is the vast amounts of unsolicited email I receive. The other is that I spend a lot of time on social media and websites looking for information, finding what’s new, and what […]

Before reading on, take a close and careful look at the chart that goes with this piece. I’ve deliberately not told you what the financial instrument is, nor what it’s priced in, or where it’s traded. It looks, for all […]

Coinciding with his book launch – of the same title and published by Princeton University Press – I was invited, as a journalist for the Financial Times in London, to a presentation on the subject by the public relations firm […]

Invited by STA Executive Committee member David Watts to give this talk (who’d heard about him through the www.trade2win.com forum for active traders), I introduced myself and apologised for knowing nothing about his subject. Unfazed, William told me he was […]

I’m not talking French Revolution or anything like that – at least I hope not – but to tie in with this week’s IG TV interview with Eddie Tofpik MSTA, Senior Markets Analysts at ADMISI, where he makes extensive use […]

Recorded yesterday, October 2nd 2019, and sent over to me today, I cannot believe Eddie described the chart of the Australian dollar versus the US as ‘’a very pretty chart’’ and that cable’s rally was a ‘’fly in the ointment’’. […]

Like it or not, we are closing in on the end of September and the third quarter of 2019. Some are scurrying around the Federal Reserve Bank of New York desperate for cash to tidy up their books coinciding with […]

IG TV host Jeremy Naylor this week invited Fellow of the Society of Technical Analysts, Nicole Elliott, onto IG’s regular slot looking at the week’s markets from a chartist’s perspective. Both agree that Brexit is dominating the headlines, Britain’s Supreme […]

For some time now, every year in early September the STA books the National Liberal Club for a formal sit-down 3-course dinner – because Liberal Party members are away for their annual conference – and we have the club pretty […]

Such a pity I couldn’t make it to the STA’s September 2019 monthly meeting at One Moorgate Place; events beyond my control. A member of our society for many years, Tim Parker is a top-flight technical analyst with a very […]