Watch with IG TV: The third in the Charting the Markets series of videos

As part of the STA’s educational offering, here is today’s interview (29 March 2019) with Ron William, of Ron William Advisory, with Jeremy Naylor, on IG TV. Many will recognise Ron as a regular attendee at our monthly meetings, and Jeremy is a veteran, and ex-Bloomberg presenter and interviewer.

The video kicks off with the statement that 2019 was the ‘’happiest New Year in 30 years’’ for the S&P 500. This is a new concept for me, but I’m assuming happiness equals bullish. As a derivatives trader, not a stockbroker, I have no directional bias as I know I can make money in bull markets, bear ones, and those going nowhere.

He immediately moves into cautionary mode, pointing out the many divergences in this latest quarterly rally, reminding us that history may not repeat itself but it often rhymes. He uses a dynamic regression line (which looks like it might be the bottom of a trend channel), something I’d be interested in finding out more about.

We then move on to the volatility VIX measure, where compression for several years, (except Q1 and Q4 2018), is seen as the calm before the storm. Then on swiftly to seasonality and breadth in US indices. He looks at FAANG stocks on a relative basis (see this week’s blog), interestingly starting at 0 rather than the more usual 100.

His charts are clear, bright and colourful, illustrating clearly what he’s saying. I must warn you that he speaks quickly, so you’ll have to keep up. Or, like me, you might just press the pause and rewind button.

Watch now!

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Posted in Markets, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending
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The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA.

The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

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About Nicole Elliott

Nicole Elliott

A graduate of the London School of Economics and Political Science (BSc Social Psychology) Nicole Elliott has worked in banks in the City of London for the last 30 years. Whether in sales, trading or forecasting technical analysis has always been the bedrock of her thinking. Key expertise lies within all areas of treasury: foreign exchange, money markets, fixed income and commodities.

She has also added to the body of knowledge of the industry writing the first western book on Ichimoku Cloud Charts. Strong media links and a cult following are due to her prescient calls on the markets and often entertaining format.

Nicole can be contacted at trending@sta-uk.org

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