CMT Examination Preparation/Technical Analysis - Evening

This comprehensive program is both an academic learning process and a hands-on practical exposure to technical analysis. It is designed to prepare students for the Level 1 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.

Unlike other summary technical courses that just show technical principles, candidates will be taught to use the material learned and attempt to create profitable investing and trading strategies. 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 cases will also be discussed, and recommended readings from leading textbooks will be listed for each section. Supplementary articles from business publications and academic journals will also be provided.

Guiding students will be the 25 years experience of John Palicka CFA CMT who has managed billions of dollars with a top record.

09-Jun-2008 -- 25-Jun-2008New YorkUSD$1775
NY Institute of Finance - Midtown5:00pm - 8:30pm Instructional Method:
Group-Live
Instructor(s): [ John Palicka; ] Mon Wed Level: Intermediate

Portfolio managers, traders, asset allocators, behavioral economists, strategists, finance professionals, hedge funds and those wishing to take the CMT Exam.
No advance preparation required.
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
  • 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 parts of Level 2 and 3.
None
Disclaimer
This review course at the New York Institute of Finance attempts to meet the CMT exam learning outcome statements. However, these statements may change, with short notice by the MTA. The candidate is responsible for keeping track of the required body of knowledge, especially if the time period between the review course and the exam is lengthy. NYIF does not guarantee that taking this course will result in passing the CMT exam. There is no substitute for spending time mastering the curriculum, and we wish to remind candidates that our course is to be used as a support to their preparation and not an alternative. Candidates should also note that NYIF does not know the exact questions that will appear on the exam, and the questions that appear on the exam may be presented in different formats than the study materials used in NYIF's review course.
Session 1

Introduction to Technical Analysis/Reversal/Continuation Patterns

  • History of Technical Analysis
  • Basics of Technical Analysis
  • 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
  • Diamonds, Climaxes
  • Cases

Trend Analysis/Momentum

  • Definition of Trends
  • Speedlines, Fans, Channels
  • Support/Resistance
  • Saucers, Gaps
  • Artificial Intelligence uses in technical analysis, Quant tools
  • Introduction to intermarket analysis: bonds/stocks, commodities/dollar, business cycle and industry groups, strategies

Session 2

Trend Analysis/Momentum

  • Moving averages
  • Envelopes, bollinger bands
  • ROC, MACD, RSI, other stochastics
  • Trading: day, swing, asset allocation, investing
  • Cases

Relative Strength and Volume Studies

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

Session 3

Point and Figure and Gann;Elliot Wave Theory

  • Point and figure construction
  • Reversal criteria
  • Measurement tools such as horizontal, vertical, pole
  • GANN
  • Wave characteristics
  • Measurement rules
  • Patterns and ratio aspects
  • Fibonacci Numbers
  • Cases

Cycles/Sentiment and Behavioral

  • Typcs 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

Session 4

Cycles/Sentiment and Behavioral

  • Sentiment surveys: traders and investors
  • Sentiment indicators: levels, money flows, supply/demand, fed model
  • Put/call ratio
  • Short index
  • Insider activity
  • Margin debt
  • TED, VIX
  • New indicators
  • Limits and uses
  • Behavioral concepts
  • Cases

Candlesticks/Appendix

  • Basic Candles
  • Intensity and Bull/Bear Strength
  • Comparisons to bar charts
  • Consolidations
  • Reversals
  • Analysis with prior patterns
  • Stars, clouds, engulfing patterns
  • Cases

Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process and are limited to one per client. US and Canada enrollees only.

Lunch included for all students taking day classes.