Technical Analysis: Making Sense of the Markets

This program is an intensive introduction to technical analysis and its use as an integral part of market analysis. Methodologies for construction and interpretation of bar charts, point and figure charts and candlestick charts are covered in depth. Participants will learn how to best use and interpret results from software and subscription products that automate and facilitate certain aspects of technical analysis. They will examine the top-down approach to external and internal indicators and undertake an in-depth analysis of U.S. and foreign equity markets, U.S. Treasuries, currencies, and commodities. Emphasis will be placed on the use of software in creating and interpreting charts.

No sessions currently available. Contact client services to get the next available date.
CPE CREDITS
14.0
No advance preparation required.
Students will be able to:
  • Construct four types of charts
  • Identify trends and important price points
  • Recognize patterns
  • Use technical indicators
  • Apply technical theories
Day 1
Introduction: Background and Basics
  • Technical analysis as an integral part of market analysis
  • History of technical analysis

Constructing and Interpreting Charts

  • Tools - the construction of four types of charts

What to Look for on the Charts

  • Trends
  • Support and resistance levels
  • Real time presentations at end of session
  • Moving averages
  • Gaps
  • Volume
  • Comparative relative strength

Phases of Price Activity and Pattern Recognition

  • The four phases of price activity
  • Pattern recognition on bar charts
  • Pattern recognition on point and figure charts
  • -The Wheelan method
  • -The Cohen approach
  • Pattern recognition on candlestick charting

Day 2
Technical Theories
  • Dow theory
  • Elliott wave theory
  • Fibonacci sequence
  • Gann analysis
  • Cycle analysis

Technical Indicators

  • RSI indicator
  • Stochastics
  • Rate of change (RoC) indicator
  • MACD
  • Bollinger bands
  • Moving averages
  • Real time computer presentation

Sentimental Indicators

  • CBOE volatility index (VIX)
  • Put/call ratio
  • Bull/bear indicators
  • Dow's psychology of bull and bear markets
  • Insider activity

Top-Down Approach to Internal Indicators

  • Advance/decline lines (breadth)

Intermarket Analysis

  • Ten-year treasury yields
  • CRB index
  • US Dollar, British Pound, Euro, Yen

Real Time Computer Presentation

Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

Lunch is included for all students taking day classes.