The videos of all the presentations are now up and you can go to ChartSummit.com and stream them for FREE!
As we always like to do here after Chart Summit, Steve Strazza and I sat down to discuss what we just witnessed. This was one of the most amazing list of speakers I’ve ever seen at a Financial Conference. I can’t even believe we were able to pull this off! Plus, we raised over $50,000 in donations, on the first day alone, to help fight coronavirus. Thank you to everyone who attended and donated! Also, big shoutout to Traders4ACause for helping us choose the organizations we’re donating to and collecting all the money. We could not have done this without you!
In this episode, we talk about the best presentations, the best charts and the common themes among the presenters. I think it always adds value to think back at what was discussed and reiterate a few of the important points that were being made by the best in the business. From Brian Shannon, Ari Wald, Craig Johnson, Gina Martin Adams, Andrew Thrasher, Frank Cappelleri, Paul Ciana, the list goes on and on….We discussed the current environment for the US and Global Stocks, Interest rates around the world, Gold and other metals, US Dollar and other currencies around the globe. There was so much value.
This was my favorite Financial Conference of all time. Easily.
I hope you enjoy our discussion, and make sure to check out all the presentations at ChartSummit.com!
Mike Hurley has been an inspiration to me for many years. When it comes to market breadth, this is the guy. He’ll tell you he learned it from his predecessors and how he’s standing on the shoulders of giants and all those things he discusses in this episode, but for me personally, he’s been a great influence for sure. Many of you know how seriously I take my breadth work and how valuable it has been to so many of us for many years. It’s people like Mike and others who have helped my process evolve to where it is today.
This was a really fun podcast for me because the topic of market breadth and internals is so near and dear to my heart. In this podcast episode, Mike and I talk about history and how different turning points in the stock market have been led by breadth deterioration (at tops) and breadth improvement (at bottoms). We also discuss 2020 so far and how breadth was deteriorating well before the S&P500 and Dow hit their ultimate highs. Once again, it was breadth that got us out of the way of trouble this cycle. Give this one a listen. I think it’s one of those episodes that can live for a lifetime and help people many years (or decades) into the future.
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Larry McDonald is the guy I turn to when I want to talk about the Bond Market. He always has something insightful about what’s happening that I’m probably not seeing. We’ve become friends over the years but I originally got to know who Larry was by reading his book, Colossal Failure of Common Sense. This is a book about the collapse of Lehman Brothers being told by a bond trader inside the firm. I encourage you to pick it up and give it a read. It will give you good insight as to what exactly was taking place at the time. In this podcast Larry tells us a good story about the day his team had the most profitable day in the history of the bond desk at Lehman and Dick Fuld didn’t even bother to come down and say hi.
The market today is different than it was in 2019. What’s going on in the bond market is playing a huge role. I couldn’t think of a better time that the present to bring in my friend Larry McDonald to discuss what we’re seeing out there in the markets. This is always a lot of fun talking to one of my favorites!
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Jeff Hirsch is the Author of the Annual Stock Trader’s Almanac. He, and before that his father Yale Hirsch, has been publishing the must-read almanac every year since 1967. This year is the 53rd edition of the Almanac and a lot of the smartest traders I know keep the most recent copy on their desk. I personally have issues I’ve kept going back decades. When it comes to Seasonality, whether it’s the 1-year cycle, Presidential cycle, or even intra-month and intra-week cycles, Jeff is the person I turn to first. The month of January brings along a ton of information we can use to help us make decisions in the stock market the rest of the year. The track record is pretty spectacular, as we discuss in this episode. Today, Jeff uses these seasonal trends to help him in his role as Chief Strategist at Probabilities Fund Management. In this episode of the podcast we discuss what the down January might mean for the rest of this year, how markets tend to behave on Election Years and why Seasonal trends are so important to recognize.
Charts and Graphs for this Episode are all available inside the 2020 Stock Trader’s Almanac
On this episode of the podcast I’m really excited to bring in Quantitative Researcher Chris Cain. Chris found his love for building trading systems while he was a market maker in the bond market for over 10 years. Today he works with Larry Connors and just published a book called The Alpha Formula that you can purchase at a discounted price at Tradingmarkets.com. (Use the Promo Code: “TAF2020” to get the book at half price!) We laugh during the podcast that Chris is so hardcore about this stuff the he actually teaches a course in Python specifically for traders and building strategies. His goal with these systems is to recognize and take advantage of our human behavior flaws so we go over a bunch of those, which I always think is helpful. He also walks through one of the 4 models and explains how having several uncorrelated strategies increases risk adjusted returns. This was a really fun conversation with one of the smart ones!
Click here to see all of the Charts mentioned in this episode
I can’t believe I’m publishing the 100th Episode of this podcast that I started in the summer of 2017. My first guest ever was Ralph Acampora! I mean, how could it not be right? Since then I’ve had the privilege of interviewing Portfolio Managers, Traders, Analysts, Best Selling Authors and even a World Series of Poker Champion! People all over the world have approached me how much they’ve learned from listening to the podcasts. It’s been an amazing experience for me all around.
Since it’s Episode 100, how can I not invite Ralph back on the show to talk markets? In this episode Ralph describes the recent trip that him and I took to India. We both had an awesome time and are blown away by the interest out there for Technical Analysis. It really is incredible. He thinks we’re going to see breakouts in Gold and Silver soon but that’s not necessarily bad for stocks. Both can rise together.
I always enjoy my conversations with Ralph. He has great old stories about technicians that we’re too young to remember or even know about. He’s good with giving credit to some of his predecessors that probably don’t get the recognition these days that they deserve. Louise Yamada for example gets a lot of credit for the phrase, “The bigger the base, the higher in space”. But she’ll tell you that she got that from her boss and mentor Alan Shaw. And Alan will tell you that he learned it from his boss.
So I think it’s important to remember the ones who came before us. I would argue that over 95% of what you see me do, say and talk about comes from something I learned from my colleagues and/or predecessors. I didn’t make any of this stuff up. The credit goes to all of them and in most cases they have all been guests on this podcast. I want the world to be able to learn from the people that I learned from and continue to learn from every day. Ralph is a great example, obviously!
Click here to see all of the Charts mentioned in this episode.