Technical Analysis

Price: $1695   Register now

Recommended that you register at least two weeks in advance.

Course Features

  • Course date:12/11/2019
  • Course Duration: 2 Day
  • Level: Intermediate
  • Prerequisites: None
  • Method: Live & Virtual
  • Venue: MicroTek
  • Time: 9:00 am – 5:00 pm
  • Dress Code: Business Casual

Technical Analysis

This comprehensive program is both an academic learning process and a hands-on practical exposure to technical analysis. It is designed to provide a foundation for professional users of technical analysis. The course also serves to prepare students for the Level 1 of the Chartered Market Technicians (CMT) exam, which is a professional accreditation developed by the Market Technicians Association (MTA) for Technical Analysts. A fair amount of material can also be used for the Level 2 exam. Generally, the course is given over two days.

Unlike other summary technical courses that just show technical principles, candidates will be taught to use the material learned and attempt to create and innovate profitable investing and trading strategies. They will also be exposed to academic research that may support or refute some technical approaches. Current market situations that students may experience in their work or personal experience in the bond, commodity, currency, equity, futures and options markets will be discussed in class. Sample problems from past actual market charts will also be discussed, and recommended readings from leading textbooks will be listed for each section. Supplementary articles from professional publications and academic journals will also be provided.

Target Audience

Portfolio managers, traders, asset allocators, behavioral economists, strategists, finance professionals, hedge funds, and those wishing to take the CMT Exam.

Learning Objectives

Students will be able to:

  • Appreciate key technical analytical approaches to investing
  • Differentiate between fundamental and technical analysis
  • Explain the role of behavioral finance and technical analysis
  • Describe the ethical and professional standards expected in technical analysis
  • Identify reversal and continuation patterns
  • Set measurement objectives for potential profits
  • Adjust technical techniques to accommodate both trading and long-term investment objectives
  • Use intermarket analysis, statistical and probability analysis
  • Take current investment situations in the stock, bond, commodity markets and attempt to achieve hands-on profits with technical analysis
  • Understand the role of quantitative techniques and artificial intelligence programs in technical analysis
  • Utilize derivatives in technical strategies
  • Be prepared for the requirements of the Market Technician’s CMT Level 1 exam, as well as parts of Level 2 and 3.

Prerequisites

General knowledge of the capital markets

Key Learning Points (Note, below are broad topics that lead to more specialized topics) 

  • Dow Theory, Technical Assumptions and the Efficient Market Hypothesis * Triangles, Rectangles, Head and Shoulders, Gaps, Saucers, Climaxes * Support/Resistance* Fans, Bollinger, Envelopes, Channels * Trading: Day, Swing, Investing, Asset Allocation * Measurement Rules * Trends, Speedlines, Retracements * Momentum Analysis, Oscillators, ROC, MACD, RSI, Stochastics * Derivatives: Options, Futures, Swaps *Algorithms* Pont and Figure, GANN, Elliott Wave, Fibonacci Numbers * Other Special Technical Methods* Cycles* Bubbles* Sentiment*Behavioral Finance For Traders and Investors*Japanese Candlesticks: Features, Types* Trading Techniques* Statistics and Probability Analysis in Technical Analysis* Ethics and Professionalism * Career Advice
  • We do not guarantee that taking this course will result in passing the CMT exam. Candidates are expected to study the material and learn the knowledge requirements of the exam. We do not know the exact questions on the exam, and questions may be presented in different formats than the study material.

Sessions 1-3 will be covered in Day 1, and sessions 4-6 will be covered in Day 2.

DAY ONE

Session 1 – Introduction to Technical Analysis/Reversal/Continuation Patterns

  • History of Technical Analysis
  • Basics of Technical Analysis and the Efficient Market Hypothesis
  • Chart Construction, Arithmetic/Logarithmic
  • Supply/Demand Philosophy
  • Dow Theory, Old and New
  • Head and Shoulders
  • Triangles, Wedges
  • Rectangles, Pennants
  • Measurement Rules
  • Double/Triple Tops and Bottoms, Saucers
  • Diamonds, Climaxes
  • Cases

Session 2 – Trend Analysis/Momentum

  • Definition of Trends
  • Speedlines, Fans, Channels
  • Support/Resistance
  • Saucers, Gaps
  • Artificial Intelligence uses in technical analysis, Quant tools, Backtesting. Multicollinearity, Outside Vendors
  • Introduction to intermarket and business cycle analysis: bonds/stocks, commodities/dollar, business cycle and industry groups, strategies
  • Algorithmic Trading
  • Moving averages, Double, Triple
  • Envelopes, Bollinger bands
  • ROC, MACD, RSI, other stochastics
  • Trading: day, swing, asset allocation, investing
  • Cases

Session 3 – Relative Strength and Volume Studies

  • Relative strength
  • Intermarket continued
  • Volume: OBV, A/D, CLV, and other measures such as:
  • Tick volume, TRIN
  • Money flow
  • The arms index
  • Put/Call, CDS
  • Introduction to option strategies with technical analysis
  • Statistical and probability concepts
  • Cases

DAY TWO

Session 4 – Point and Figure and Gann; Elliott Wave Theory

  • Point and figure construction methods
  • Reversal criteria
  • Measurement tools such as horizontal, vertical, pole
  • GANN, Wyckoff
  • Elliott Wave: characteristics  and measurement objectives
  • Patterns and ratio aspects
  • Fibonacci Numbers
  • Cases

Session 5 – Cycles/Sentiment and Behavioral

  • Types of cycles: including Kondratieff, Kitchin and other
  • Cycles concepts: Summation, harmonicity, synchronicity, proportionality
  • Classifications
  • Use with other technical indicators
  • Creation of technical patterns with cycles
  • Bubbles- USA, Japan, Saudi Arabia, China, Real Estate, etc.
  • Sentiment surveys: traders and investors
  • Sentiment indicators: levels, money flows, supply/demand, fed model, TED, Fear/Greed Measures, CDS Measures
  • Put/call ratio
  • Short index
  • Insider activity
  • Margin debt
  • TED, VIX
  • New indicators
  • Limits and uses
  • Behavioral concepts

Session 6 – Japanese Candlesticks and Ethics/Professional Management

  • Candles Types
  • Candle Sequences
  • Blending with Western Charts
  • Intensity, Continuation, Reversal Types- Special Names, such as,  Marubozu, Spinning Tops, Doji, Dragon Fly, Hamari, Hanging Man, etc.
  • Blending/ Engulfing
  • Support /Resistance
  • Candles and Traditional Charts
  • Ethics and Professionalism
  • Portfolio Management
  • Career Advice
  • Cases
  • Special Statistical and Portfolio Theory Appendix

Instructor

  • V. John Palicka CFA CMT  has over 30 years of experience in researching and managing money in global, emerging, and US small-cap stocks.  He is currently in his 27th year as President and Chief Portfolio Manager at Global Emerging Growth Capital (GEGC). GEGC provides three major financial services: asset management, corporate finance, and knowledge consulting …
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