Technical Analysis of STOCKS & COMMODITIES
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Article Archive For Keyword: CMT
DownloadAvoiding The Herd Mentality In Forex by Todd Gordon, CMT
ARTICLE SYNOPSIS...Stocks & Commodities V. 24:13 (58-60): Avoiding The Herd Mentality In Forex by Todd Gordon, CMT Careful analysis of the technicals along with a good dose of logic and common sense will help you become a more successful foreign exchange trader. There wa
Better Trade Management With Candlesticks by Tracy Knudsen, CMT
Between Price And Volume by Buff Pelz Dormeier, CMT
ARTICLE SYNOPSIS...Between Price And Volume by Buff Pelz Dormeier, CMT Here's an indicator that can be used to measure the intrinsic relationship between price and volume. When securities change hands on a securities auction market, the volume of shares bought always mat
Candlestick Trading Principles by Steve Nison, CMT
Chi Squared by Arthur A. Merrill, C.M.T
ARTICLE SYNOPSIS...Chi Squared by Arthur A. Merrill, C.M.T. Just how meaningful are statistics? Arthur Merrill explains how to find out. If records show that market behavior exhibited more rises than declines at a certain time in the past, could it have been by chance? Y
Closing Arms by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Closing Arms by Arthur A. Merrill, C.M.T. The Arms index has been verified, deified, and even modified, certainly within the pages of STOCKS & COMMODITIES. Now the index is examined again, this time by noted veteran technician Arthur Merrill, to find ou
Closing Tick by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Closing Tick by Arthur A. Merrill, C.M.T. Buyers' market or sellers' market? Counting the upticks and downticks can give you a clue, Merrill says. Are buyers reaching for stock? Do they have to bid a price higher than the last price given (an uptick)? O
Comparing The CRB With Bonds by Jim Bianco, C.M.T.
ARTICLE SYNOPSIS...Comparing The CRB With Bonds by Jim Bianco, C.M.T. The Commodity Research Bureau (CRB) price index and the bond market have frequently been compared in the past because of their interrelated natures. The CRB is considered to be an indicator of inflation
Customer Option Activity by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Customer Option Activity by Arthur A. Merrill, C.M.T. The Options Clearing Corporation issues a weekly report to subscribers that lists the totals of options bought and sold on all exchanges nationwide. The transactions are segregated by customer, marke
Cycles, Volatility, And Chart Formations by Daniel L. Chesler, CTA, CMT
ARTICLE SYNOPSIS...Cycles, Volatility, And Chart Formations by Daniel L. Chesler, CTA, CMT Understanding the building blocks of classical chart patterns can improve your analysis and trading results. Here's how. A nyone who has studied or traded with classical chart patt
Financial Volume Index And Volume Analysis by Patrick Cifaldi, C.M.T.
ARTICLE SYNOPSIS...Financial Volume Index And Volume Analysis by Patrick Cifaldi, C.M.T. In technical analysis, the study of volume is one of the most overlooked and underrated disciplines. In the general study of the supply and demand of markets, only two pieces of data
Fitting a Trendline by Least Squares by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Fitting A Trendline By Least Squares by Arthur A. Merrill, C.M.T. Usually, trendlines are drawn through tops or bottoms. They are also drawn through the center of prices by a lagged moving average or by eye (Figure 1). A straight line through the center
Forex Focus by Todd Gordon, CMT
Forward Testing by Martha Stokes, CMT
ARTICLE SYNOPSIS...Forward Testing by Martha Stokes, CMT A Solution To Backtesting A simple technique, it can reveal the true profit or loss capabilities of a trading system. Backtesting has been popular among traders for many years. The concept is that you take a set n
Fund managers' performance by Arthur Merrill, C.M.T.
ARTICLE SYNOPSIS...Fund managers' performance by Arthur Merrill, C.M.T. Should we monitor the actions of mutual fund managers? They are paid a salary to do a better job of investing than the common man. While some managers may not live up to expectations, on the average,
Historical Movement Of The Stock Market by Michael J. Moody, C.M.T.
ARTICLE SYNOPSIS...Historical Movement Of The Stock Market by Michael J. Moody, C.M.T. Experience enables you to recognize a mistake when you make it again. --Franklin P. Jones Perspective is critical for participants in the financial markets. Unfortunately, one's perspe
How Important Is A Turning Point? by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...How Important Is A Turning Point? by Arthur A. Merrill, C.M.T. So, naturalists observe a flea Hath smaller fleas that on him prey And these have smaller still to bite 'em; And so proceed ad infinitum. --Jonathan Swift So goes the market. Waves withi
Identifying Trends with Volume Analysis by Stephen J. Klinger, CMT
ARTICLE SYNOPSIS...Here's a new twist on volume analysis, with a volume-based indicator for identifying meaningful trends. Technicians recognize the importance of volume analysis and its application to price movement as requisite to any serious examination of stocks and m
Interview: A Conversation With Ari Wald, CFA, CMT
ARTICLE SYNOPSIS...Ari H. Wald is managing director and head of technical analysis with Oppenheimer & Co. Inc., providing market-, sector-, and stock-level research to the firm's advisors and institutional clients. Previously, he served as equity research analyst at Brown
Interview: A Conversation With Charles D. Kirkpatrick II, CMT
ARTICLE SYNOPSIS...The 50-year investment and trading career of Charles Kirkpatrick II has encompassed trading and investing, market analysis, research & development, writing, speaking, and teaching. As president and founder of Kirkpatrick & Company, Inc., a private techni
Interview: A Discussion with Robert W. Colby, CMT
ARTICLE SYNOPSIS...Robert W. Colby, CMT, has 50 years of professional experience in research, trading, and portfolio management at several large Wall Street firms. Colby is the author of The Encyclopedia Of Technical Market Indicators, which is a standard reference on indi
Interview: Robert W. Colby, CMT by Jayanthi Gopalakrishnan
ARTICLE SYNOPSIS...Robert W. Colby is senior investment strategist at TradingEducation.com and RobertWColby.com. He is also a consultant to institutional and private investors and traders, providing custom research services and trading systems tailored to clients' objectiv
Let The Indicator Fit The Market by Martha Stokes, CMT
Logarithmic Point & Figure by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Logarithmic Point & Figure by Arthur A. Merrill, C.M.T. In the June 1991 STOCKS & COMMODITIES, I described how a turning point could be measured by filtering out minor market moves. The same filtering technique can be used to correct the failings of the
Member/Odd Lot Trading by Arthur A. Merrill, CMT
ARTICLE SYNOPSIS...Member/Odd Lot Trading by Arthur A. Merrill, CMT Stock exchange members, the group that makes up the member trading statistics, should be more knowledgeable than the rest of us, the great ""public."" The members should be smart money -- at least, they sh
Merrill Directional Patterns by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Merrill Directional Patterns by Arthur A. Merrill, C.M.T. Can we get clues to price performance from the swings of prices in the last hours of the preceding day? If we ignore volume and the amount of change, the direction of the swings of prices can be
Merrill MW Waves by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Merrill MW Waves by Arthur A. Merrill, C.M.T. Suppose prices have been moving in a certain way. What are the probabilities for future prices? You must look to the past for similar situations. How similar must the past situation be? If you ask your comp
Moving Average Crossovers by Arthur A. Merrill, CMT
ARTICLE SYNOPSIS...Moving Average Crossovers by Arthur A. Merrill, CMT Are moving average crossovers more effective than other indicators? More specifically, how about moving average crossovers applied to the Dow Jones Industrial Average? S&C contributor Arthur Merrill de
Negative Volume Divergence Index by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Negative Volume Divergence Index by Arthur A. Merrill, C.M.T. The Market Technicians Association has selected the late Paul Dysart for their 1990 annual award ""for outstanding contribution to the field for technical analysis."" Analyst Jim Alphier, in
Old Trendlines to Predict Future Movements by Cory Mitchell, CMT
ARTICLE SYNOPSIS...Read The Future By Looking Back, Old Trendlines to Predict Future Movements by Cory Mitchell, CMT Can you extend old trendlines into time and use them to anticipate future price movements? Trendlines are well known to most traders, but most traders don
Options: The Missing Link by Martha Stokes, CMT
ARTICLE SYNOPSIS...Options: The Missing Link by Martha Stokes, CMT What's the link between an option and a stock? growing numbers year after year. The Options Industry Council offers excellent free education on options, and there are good option courses out there. The lu
Plurality by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Plurality by Arthur A. Merrill, C.M.T. Plurality: Now there's an indicator that has been around for at least half a century. Analyst James Alphier claims it was invented by technical analyst pioneer Paul Dysart, who published a piece on the subject at l
Price/Dividends Ratio Revisited by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Price/Dividends Ratio Revisited by Arthur A. Merrill, C.M.T. In 1988 Merrill showed that the price/dividends ratio was useful in calling the 1987 crash. What's the outlook today? In the October 1988 issue of STOCKS & COMMODITIES, I described the useful
Price/Earnings Ratios by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Price/Earnings Ratios by Arthur A. Merrill, C.M.T. Here's a look at an old fundamental analysis favorite and what it can do for the technical analyst. For many years I have monitored the performance of a group of 30 to 50 stocks that have been exhibiti
Resistance by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Resistance by Arthur A. Merrill, C.M.T. Prices, like everything else move along the line of least resistance. They will do whatever comes easiest therefore they will go up if there is less resistance to an advance than to a decline and vice versa. --Edw
Second Hour Index by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Second Hour Index by Arthur A. Merrill, C.M.T. In 1983 I noted an indicator developed by analyst Stan Weinstein: the last hour indicator. Changes in prices in the last hour seemed to be useful in forecasting the future. Having an hourly data bank extend
Secondaries by Arthur A. Merrill, CMT
ARTICLE SYNOPSIS...Secondaries by Arthur A. Merrill, CMT If the owner of a large block wants to sell without generating a big price decline, he sometimes enlists the help of an underwriter. This type of sale is called a secondary offering. The underwriter uses his skills
Stock Selection by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Stock Selection by Arthur A. Merrill, C.M.T. How does a veteran technician like Arthur Merrill select stocks for investment? He explains that it's not the simplest of methods and it does require research and work, but the results, he notes, are worth it
Stocks above moving averages by Arthur A. Merrill, CMT
ARTICLE SYNOPSIS...Stocks above moving averages by Arthur A. Merrill, CMT The percentage of stocks above their moving averages has been tracked for a number of years by Investor's Intelligence, a weekly report that includes the number of New York Stock Exchange issues abo
Testing Indicators by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Testing Indicators by Arthur A. Merrill, C.M.T. Analysts consult scores of indicators to get clues for the future. At any given instant, however, some of the indicators are bullish and some are bearish. They are never unanimous. Which should we believe?
The 28% Rule by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...The 28% Rule by Arthur A. Merrill, C.M.T. A bear market is interrupted by rallies, which cheer the spirits but are then followed by a resumption of the bear market. Finally, one of the rallies turns out to be the first upswing of a new bull market, and
The 4% Model: Using The Value Line Composite by Bob Kargenian, C.M.T.
ARTICLE SYNOPSIS...The 4% Model: Using The Value Line Composite by Bob Kargenian, C.M.T. Looking for an indicator that doesn't predict huge booms or busts, but tells you what the safest course of action is? Here it is. For this model, all you need is the Value Line Index.
The Angle Of Ascent by Martha Stokes, CMT
ARTICLE SYNOPSIS...The Angle Of Ascent by Martha Stokes, CMT Understanding the concept of the angle of ascent will help you make strong entries and protect your profits. Successful traders know that technical analysis skills require an understanding of buy signals and in
The Common (But Useful) RSI by Herbert S. Hall, C.M.T.
ARTICLE SYNOPSIS...The Common (But Useful) RSI by Herbert S. Hall, C.M.T. The relative strength index (RSI) is one of today's most popular indicators and is available in virtually every technical analysis software package sold. While the RSI indicator has become so common
The Elapsed Time Calculator by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...The Elapsed Time Calculator by Arthur A. Merrill, C.M.T. Veteran technician Arthur Merrill explains how to derive the number of days, actual or calendar, between two dates using a simple table and some elementary steps. Do you need to know the number o
The Financial Volume Index Expanded For The l990s by Patrick Cifaldi, C.M.T.
ARTICLE SYNOPSIS...The Financial Volume Index Expanded For The l990s by Patrick Cifaldi, C.M.T. The financial volume index, which was first introduced by Patrick Cifaldi in the pages of STOCKS & COMMODITIES in 1989, takes on and uses the study of volume, surprisingly unde
The Importance of Stop Orders by Patrick Cifaldi, C.M.T.
ARTICLE SYNOPSIS...The Importance of Stop Orders by Patrick Cifaldi, C.M.T. Some traders view stop orders as an affront to their analytical skills, but they shouldn't. Here are some simple guidelines on using stop orders and saving yourself some painful and costly lessons
The Presidential Election Cycle by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...The Presidential Election Cycle by Arthur A. Merrill, C.M.T. It's an election year again. What does history say about them ? This famous technician tells you that what you've heard about Presidential election years may very well be true. An election ye
The Real Advance Decline Line by Frank Barbera Jr., C.M.T.
ARTICLE SYNOPSIS...The Real Advance Decline Line by Frank Barbera Jr., C.M.T. Each day, stock market analysts calculate the number of stocks closing up versus the number of stocks closing down, resulting in the advance-decline line. This simple arithmetic exercise can hel
The Stock Market and Seasonality by Bob Kargenian, C.M.T.
ARTICLE SYNOPSIS...The Stock Market and Seasonality by Bob Kargenian, C.M.T. Is there a message that can be gleaned from the performance of the stock market during the 1996 election year? There may be. In 1990, this writer discussed the seasonal movement of the stock mark
The Summer Rally: Fact Or Fiction? by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...The Summer Rally: Fact Or Fiction? by Arthur A. Merrill, C.M.T. The ""summer rally"" appears in some years and is completely absent in others. Does it deserve its name? I've consulted the record back to 1885 and find that there is a good case for a bull
Time Of Daily High And Low by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Time Of Daily High And Low by Arthur A. Merill, C.M.T. Does the time of the high for the day and the time of the low give a clue to the performance of the market on the next day? For example, suppose that the Dow Jones Industrial Average (DJIA) high po
V.9:12 (482-485) SIDEBAR: Explaining r by Jim Bianco, C.M.T.
ARTICLE SYNOPSIS...EXPLAINING r Correlation analysis measures the degree of relationship between two variables. The correlation coefficient r is one popular statistical index for this purpose. The values for r range between +1 to -1; a +1 reading indicates that the two va
Volatility Is Dominant Theme In Stocks by Michael Carr, CMT
ARTICLE SYNOPSIS...Volatility Is Dominant Theme In Stocks by Michael Carr, CMT The market may be setting up for a period of consolidation. From a technical perspective, the biggest factor in the markets is volatility (Figure 1). Since the large down move in autumn 2008,
Volatility by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Volatility by Arthur A. Merrill, C.M.T. Does the degree of volatility in the stock market give us any clue to the future of the market? I tested day-to-day volatility and found that it does have a good forecasting record. I took the percent change of t
Volume indicators by Arthur A. Merrill, C.M.T.
ARTICLE SYNOPSIS...Volume indicators by Arthur A. Merrill, C.M.T. The activity of the market, its volume, has long been of interest to investors and traders. I have a copy of the first book on stock market technique, ABC of Stock Speculation, written by S. A. Nelson in 19
Volume, The Forgotten Oscillator by Martha Stokes, CMT
WM: The Buying Myth Debunked by Mike Carr, CMT and Matt Blackman
Weekly McClellan Oscillator by Arthur A. Merrill, CMT
ARTICLE SYNOPSIS...Weekly McClellan Oscillator by Arthur A. Merrill, CMT In the September 1989 issue of Technical Analysis of Stocks & Commodities, Richard Mogey described and interpreted the McClellan Oscillator. It's based on daily data. My data bank has been developed
Working Money: Relative Strength As A Selling Tool by Michael J. Carr, CMT
Working Money: When The Market Speaks, It Pays To Listen by Mike Hurley, CMT
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