The STA Blog - Technical Analysis - Page 9
Charting the markets with IG TV: Safe havens ahoy! But do you know where they are?
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.
Tags: Crashing stock indices, gold, oil, Safe-havens
That was the Week that Was: And then the client asks: ’’how are you left?’’
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.
Tags: Equities, percentage, Relative Performance, Start Point
When is parabolic too much? Answer: when it suddenly reverses
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.
Tags: Excess, momentum
Robin Griffiths, who has pedigree, overviews the last 50 years: Because the STA also has 50 years under its belt
Well, we’ll have to give it to him, he’s done 53 years as a professional technical analyst/strategist, despite a BA in economics from Nottingham University. His first City job was at stockbrokers Phillips and Drew – one of the many names I remember from long ago – which produced, in Robin’s opinion, some of ‘’probably the best fundamental analysis in London.’’ Well, I bet that’s not what you expected! Exempted from 9 of the 13 actuarial exams required, he tidied up the situation ASAP.
Tags: Asset classes, cycles, demographics
Charting the Markets with IG: TV Guest Patricia Elbaz spills the beans
A little social media bird let me in on a surprise. For her interview on IG TV, hosted by Victoria Scholar, veteran technical analyst Patricia Elbaz arrived with a congratulatory card and cake. This is because Victoria had passed her STA Diploma Part I exam with ‘amazing results’. I’m sure all STA members will want to extend their best wishes to all other successful candidates.
Tags: 200-day moving average, MACD, psychological, Trend line
It’s my birthday this month, so I’m looking at monthly candles: Not blowing them out though
Many markets this January have been a ‘Tale of Two Cities’ – or halves anyway. This has created a series of very interesting, and sometimes rare, single or two-candle patterns, reminding me of the song ‘Candle in the Wind’. Like the song’s lyrics, ‘’and it seems to me you lived your life, like a candle in the wind, never knowing who to cling to, when the rain set in’’. My gut instinct is to look carefully and special candles to see if they’ll give you a steer as to which way the wind is blowing.
ACI “the filling in the sandwich”: The economist between the dark side
That’s how Adrian Schmidt said he felt as a fundamental analyst slotted between two technical analysts at yesterday evening’s special panel debate organised at the STA’s usual (and lovely) venue in conjunction with the ACI. To an almost full house – maybe because of the ACI hook-up, maybe because investors make plans in January, maybe because of the calibre of the speakers – the session was riveting.
Tags: 2020, Fundamentals, FX, G10, panel, Technical Analysis Courses
Tremendous turnout for equities in 2019: Despite Sino-US trade spat
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.
Tags: Equities, percentage, Relative Performance, Start Point
Charting the Markets on IG TV: With IG’s Senior Market Analyst Joshua Mahony
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.
This is not a blog; this is not even an M&S blog: It’s just seasonal greetings masquerading as a blog
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.
Tags: greetings, New Year, seasons, year-end
Charting the Markets with IG TV: Rajan Dhall tells us about indicators
I hear that IG TV presenter Victoria Scholar found this week’s segment with Rajan Dhall especially helpful – and having just watched it, I can see why. He focuses on 3 popular technical analysis indicators, walking us through, step by step, how to construct and interpret them; very much a ‘teach yourself’ indicators special.
Tags: convergence, divergence, MACD, RSI, Stochastics
Scam emails from HMRC – Reported by 900,000 people
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.
Charting the Markets with IG TV: Nicole Elliott on her day’s work
Recorded and broadcast live on Thursday the 21st November, Victoria Scholar gets Nicole Elliott FSTA to run through the charts and thinking behind that day’s email sent out to Investors Chronicle subscribers. Daily she covers 3 main indices, 2 currencies and spot gold, adding a little bit of market relevant news and published economic data to set the scene.
Tags: divergence, Doji, MACD, momentum, Size
German corporates penalised by the ECB: Banks impose negative interest rates on cash balances
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.
Tags: bonds, Negative Yields, Zero
Charting the Markets with IG TV: Special show on the Andrews pitchfork
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’’.
Tags: Andrews Pitchfork, FX, Indices, Schiff pitchfork
Momentum, Echo and Predictability: Evidence from the London Stock Exchange (1820-1930): Eye catching, as one doesn’t often see stock charts this old
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 […]
‘Market action discounts everything’ says Technical Analysis: But sometimes price charts lie
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 […]
Tags: gaps, holidays, volume
‘Taking the Floor: Models, Morals and Management in a Wall Street Trading Room’ Presentation by Daniel Beunza (Cass Business School, SRC, LSE), 11/Oct/2019
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 […]
Charting the Markets with IG TV: Lee Sandford MSTA speaks to host Jeremy Naylor
I must say, I don’t envy men these days; sartorial decisions are so very nuanced. IG TV host Jeremy Naylor this week invited Member of the Society of Technical Analysts’ Lee Sandford of tradingcollege.co.uk onto their regular slot, looking at […]
‘Logical Price Action: Utilising Wyckoffian Principles in Modern Times’: Lecture by William Reardon 8 October 2019 18:30 BST
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 […]
Tags: Accumulation, Distribution, Technical Analysis Course, volume, Wyckoff
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