I’ve been a fan of Tony Dwyer’s work for a long time. Those of you who know me see me approach the market from a top/down global macro and intermarket perspective. Tony starts his process in a similar way at Cannacord Genuity and Dwyerstrategy.com. When we’re talking about the next direction for stocks, we both focus on other assets like credit to help identify big trends. We look at the behavior of commodity and currency markets to make decisions in equities. I thought this was a really fun conversation. I particularly enjoyed Tony’s comparisons to 1995 and what was going on then with respect to the President’s public issues, interest rates, precious metals and the US Dollar. This podcast could have gone on forever if we let it, but we kept it short and concise so we could get to the point quickly.
This is a podcast about Technical Analysis and its practitioners. I think we’ve done a good job of bringing in some of the top technicians in the business, and in some cases, some of the best that ever did it. My goal when I first started this was to talk to people who bring different perspectives on the subject and on the markets in general. We’ve had Portfolio Managers, Analysts, Traders, Authors and Psychologists come on regularly over the past few years. Today I am thrilled to invite Riley Rosenberger to the podcast to get his point of view on Technical Analysis and what it feels like to start a career as a trader. Riley interned for us last year after spending some time training with SMB Capital in New York City. “Riley The Intern”, as he’s known in some circles, brings a unique perspective that we haven’t heard on this podcast before. When he first decided that he wanted to learn about trading, his High School teacher in Colorado told him to think about doing something else. She said he didn’t have the pedigree for that. I love that he ignored her and I love even more that every time I see him, he has a new book in his hand. He’s always learning and constantly goes out of his way to get ahead. I appreciate that and I really think you’ll enjoy this conversation. I certainly did!
In this episode of The Money Game, Phil and I talk about the Availability Heuristic and why we are more likely to invest in certain types of companies depending on where we live. This is a really interesting phenomenon that makes a lot of sense. I’m lucky that I get to avoid this bias more than others simply because of the process I use to perform my analysis. It’s a solution to a problem I didn’t even know I had! This is a short one that I think is worth a listen just to learn a little bit more about yourself.
On this Episode of the Podcast Interviews I sit down and chat with Rob Koyfman, the founder of Koyfin. This is my favorite new data and analytics platform and I find myself using these tools every day. What I find interesting and one of the reasons why we’re investors is because they are building tools for both the Technical and the Fundamental community. Rob also points out the huge demand for portfolio analytics tools for Investment Advisors. The demand for these tools is coming from everyone. Him and I are often debating whether price only charts are a better representation of supply and demand than dividend adjusted charts, so we get into that discussion in this episode. Feel free to join the conversation and Tweet us @allstarcharts and @KoyfinCharts and let us know what you think.
James Brodie started out auditing for Arthur Andersen and did not particularly enjoy it. In the early 1990s he started to learn about derivatives at the largest bank in the world before ultimately moving to Credit Suisse. He’s lived in London, Singapore, New York and Tokyo trading currencies for both the banks and proprietary and then started his own hedge fund. James is also on the Board of the CMT Association. I really enjoyed the advice he gives about what he learned from 2 massive losses he’s taken throughout his career. James is a big fan of behavioral finance and we talk about different studies where we’ve learned that the better traders actually have more losing trades than winning trades. Currently James is watching Gold, EURJPY and US Interest Rates and talks about how he wants to trade them. This was a fun conversation where we covered a lot of things.
I was lucky to spend a few weeks in Europe earlier this month meeting with customers, colleagues and old friends. For me it’s easy to get up in front of a crowd and talk about the charts that I’ve been staring at every day for over a decade. I can practically draw them for you at this point. Where I really win is in meeting with investors and traders from completely different cultures both before and after my events. I just got back from a trip to Athens, London, Paris, Amsterdam and Dublin. Between meetings, interviews and presentations, I was able to learn a lot from other investors and gain new perspective on things. That’s the point of all this. If we’re not going out of our way to learn, then what are we doing?
In this conversation, I sit down with our very own Sean McLaughlin to talk about some of my experiences on the road.