Historical data has value, adds perspective, and is an interesting pursuit in itself. Providers of analytics and technical analysis boast about how far back their charts go; the reality is that this is the case for only a handful of […]
I know this isn’t pure technical analysis but I thought you might be interested in some recent research from the bank’s Asset Management division which I received. If nothing else it is a salutary lesson in how careful one must […]
Yesterday’s speaker at the STA’s monthly meeting was a breath of fresh air – flying in from the outback via the Jesuits who helped him hone his fantastic memory for numbers (he says). A handy skill as Stephen M Barrett […]
From time immemorial man has tried to predict the future. Using omens, soothsayers and the stars, moving through to accountants who delve into the details of a company ‘Dragons Den’ style to decide whether to invest, or big-picture thinking known as macro-economics, the top-down study of global economic trends.
This year I’ve found charting gold very difficult indeed. Not so impossible that I begin to doubt my abilities as a technical analyst, but hard enough to warrant a lot of head scratching, caution with my forecasts, and to remind […]
An introduction to the Italian mathematician, Leonardo Fibonacci (circa 1170-1250), will be dispensed with as the man is less relevant to this article than what he documented in his 13th century book Liber Abaci: namely his discovery of the Hindu number sequence […]
Lambeth born Lee Sandford started as an apprentice for Portsmouth Football Club at the age of 13 on just over 13 quid a week. By 17 he’d turned professional working his way through to Stoke City and Sheffield United. While […]
Rapidly shrinking Swiss investment banking giant UBS is in the news again – and for perhaps the wrong reasons. First up its Broadgate Circle London head office was nominated a candidate for magazine Building Design’s Carbuncle Cup. Described by the […]
This week’s report by the Institute of Fiscal Studies into the difference between men and women’s pay was all too predictable and just as disappointing. Precious little progress in narrowing the gap not just in hourly pay, but promotion prospects […]
In a lengthy study devised and written up by social psychologist Philip Tetlock and author Dan Gardner, thousands of laymen were pitted against ‘experts’ to see who could make the most accurate predictions, and with what degree of confidence. The […]
One of the few economists that I follow, with his own web site, http://www.mauldineconomics.com/ sent me this yesterday. Sorry it’s so last-minute (dot com) but I just thought it might be worth a look. I’ve been using Marc’s oscillator for […]
Yesterday I was invited for an interview at a business television programme. As per the form of the last twenty years (when this terrified technical analyst first appeared on camera) I emailed over my charts beforehand, complete with trend lines, […]
The STA’s annual summer party was a real treat with the awarding of Diplomas to this year’s successful students followed by a presentation by an eminent speaker, then drinks and lots of nice nibbles for all later. An excellent turnout […]
Before we tell you about the STA’s annual summer party, and before you hear about the riveting presentation given by Philip Gray FSTA focusing on Chinese markets, we have to tell you about the first part of the evening. This […]
The wild gyrations in global markets since the Brexit vote to leave the EU have brought out the best and the worst in markets and pundits. Volatility in UK shares following the vote to leave the EU is “no reason […]
In last week’s blog we covered David Sneddon’s talk at the STA’s June monthly meeting. You can read this on www.sta-uk.org where members can also view a video recording of the presentation. Starting with a proprietary risk asset tool designed […]
We welcomed back to our monthly meeting one of our members’ favourite speakers: David Sneddon, MD global strategy TA at Credit Suisse in London where he has been working for about twenty years – technical analysis is really his life’s […]
Throughout my career I have placed an inordinate value on long term charts. In this day and age of on-line information, where allegedly everything is available at the touch of a button, scratch a little and you’ll find this is […]
Earlier this year – mid-February to be precise – the Weekend FT’s Money section printed an article by John Dizard. Considered one of their more serious commentators, the piece was entitled ‘Technical analysts have a pretty gloomy outlook for risk […]
Recent work of mine on Fibonacci, inspired in part by the mathematical garden at the Chelsea Flower Show (designed by silver gilt winner and head gardener at the Chelsea Physic Garden Nick Bailey), started me thinking about magical numbers. These […]
Not the quickest route to the STA’s monthly meeting but the Bank of England’s blog for staff to share views. http://bankunderground.co.uk/ When Dan Nixon of the Stakeholders Communications & Strategy division writes thus: Economic theory generally assumes that more consumption […]
Approached by an STA member recently at a monthly meeting, he showed me a very interesting report by FTSE Russell, an organisation producing equity benchmarks and research on these, wholly owned by the London Stock Exchange Group. Of the five […]
Yesterday Thomas Anthonj of JP Morgan Securities, Ltd. was invited back to tell STA members more about his successful systematic trading method which is based on Elliott Wave theory and Fibonacci applications. As a foreign exchange strategist for the firm […]
All of us would probably like to know what’ll happen next; it’d make life so much easier, knowing what to prepare for and when – no doubt leading to a more fulfilling, if not accepting/fatalistic existence. Mind you, pity the […]
Very recently I came across this chart of the S&P 500 index. It shows the major downturns it has seen four times since the 1970’s, where each one starts at a theoretical 1 (or 100 per cent). Every one of […]
A colleague last week brought to my attention an article in the latest issue of Shares magazine and asked what I had thought of it. Not only did I have to admit that I hadn’t seen it – ‘yet’ I […]
Describing himself as a coach and consultant who teaches on the STA’s Diploma course, veteran City trader Steven Goldstein (the punters’ magician) laid out his cards at yesterday’s STA monthly meeting. Wowing members, one guest was overheard saying later that, […]
Oh not that old chestnut, you groan! No chance, not here that’s for sure. The arguments and discussions surrounding the relative merits of fundamental versus technical analysis are too old hat, blinkered and dreary and only for the bigoted. But […]
Loved by the trading community and developed by Gerald Appel about forty years ago the Moving Average Convergence/Divergence (MACD as it’s usually known) aims to drill down into trends – and when they begin to lose momentum. Calculated by subtracting […]
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