Episode 23: Jay Woods, NYSE Floor Governor

Jay Woods has been a designated market maker on the floor of the New York Stock Exchange for over 25 years. This being Technical Analysis Radio, I think it’s important to understand what goes on down there and how it’s changed over time. In this episode Jay shares old war stories from one of the most important and symbolic buildings in America. This conversation is the perfect compliment to some of the other perspectives we’ve heard throughout season one of the podcast. Jay Woods is a Chartered Market Technician who focuses on price behavior and sentiment. We discuss the current U.S. Stock Market environment including sector rotation, particularly in Financials and Technology. With volatility coming back in 2018, I think this is a great time to hear from Jay and find out what he’s seeing from the floor of the NYSE.

Click here to see all of the Charts mentioned in this episode

 

Episode 22: Jeff Hirsch, Editor of the Annual Stock Traders Almanac

Jeff Hirsch is the Editor of the annual Stock Traders Almanac, an inside look at the seasonal tendencies of the stock market. As Technicians we study the behavior of the market and market participants. By analyzing how our human activities change throughout the year, as well as various other cycles, we can see the impact it has on the stock market. Yale Hirsch, Jeff’s father, first started publishing the almanac in the late 1960s. In this podcast episode, Jeff tells us what it was like growing up studying charts and seasonality. He then walks us through some of the most important seasonal cycles, and what some of the implications are when markets ignore seasonal tendencies. In this podcast series we like to focus on the current market environment and this episode is no different. The Almanac Trader and I discuss the current Midterm Election year and how January got us started. There are several cycles coming together at once right now and it’s fascinating to hear it directly from Jeff himself. I think this discussion about seasonality is the perfect compliment to some of the other podcasts episodes that showcase different types of technical analysis tools.

Get your copy of the 2018 Stock Traders Almanac here

Click here to see all of the Charts mentioned in this episode

 

Episode 21: Andrew Thrasher, Portfolio Manager at The Financial Enhancement Group

Andrew Thrasher is the perfect guest to have on the podcast this month. His expertise in Volatility made him the 2017 Charles Dow Award winner, ironically the year that the US Stock market saw the lowest volatility on record. Today, Andrew is an Indianapolis-based Portfolio Manager at The Financial Enhancement group and we’re thrilled to have him on. In this episode, Andrew walks us through the Volatility spike in early February, some of the things that accelerated the move and what we should expect moving forward. We discuss his thoughts on market breadth, internals and sector rotation. This is a timely conversation with one of the smart ones!

Learn more about Andrew Thrasher

Click here to see all of the Charts mentioned in this episode

 

Episode 20: Louise Yamada, Managing Director of LY Technical Research Advisors

Louise Yamada has been an inspiration to me for my entire career. Bringing nearly 4 decades of experience as a technical analyst, Louise adds a unique perspective on markets that makes her the perfect compliment to some of the younger guests that we’ve had on the podcast. Louise, who for a number of years received Institutional Investor’s top ranking, was a special guest on “Louis Rukeyser’s Wall Street” and you can still find her regularly being featured on Bloomberg, CNBC and other financial media outlets. Today, Louise Yamada, CMT is the Managing Director of Louise Yamada Technical Research Advisors (LYA). In this conversation we talk about the long-term cycles of interest rates and precious metals going back almost 100 years. While we do dive into these longer time horizons, in this episode Louise also gives us her short-term take on U.S. Stocks, Gold, Bitcoin and even lays out her favorite strategy for the Bond Market right now. This is such a treat for us to have a legend share her time and be a guest on our show. She has been a huge influence on my work over many years, so I hope you enjoy this discussion as much as I did!

Learn more about Louise Yamada Technical Research Advisors

Click here to see all of the Charts mentioned in this episode

 

Episode 19: Mark Dow of Behavioral Macro

Mark Dow has been a favorite follow of mine on Twitter for a long time. His global macro perspective is directly in line with the way I view the world. We come from very different backgrounds, however. Mark worked for the U.S. Treasury Department and was in charge of Emerging Markets in the early 90s. After that he was a sovereign analyst at a Mutual Fund before running money for a Global Macro Hedge Fund in New York City. Today, Mark runs a Family Office from southern California and recently launched a Private Twitter Account that you can subscribe to called Behavioral Macro. In this conversation, Mark talks about the current environment for stocks, interest rates and the rotation into emerging markets and base metals. He brings a disciplined process and approach to the market that I’ve respected for many years. I really enjoyed this conversation with someone who I consider to be one of the smartest guys in the room.

You can learn more at BehavioralMacro.com

Click here to see all of the Charts mentioned in this episode

 

Episode 18: Daniel Crosby, Author of The Laws Of Wealth

Studying the behavior of market participants is something that we do on a daily basis, whether we recognize it or not. Especially as Technical Analysts who focus on changes in price at very specific levels, understanding the psychology behind why investors are behaving in certain ways is part of that process. Dr. Daniel Crosby is an excellent resource for investors looking to learn more about themselves and investor psychology. In this conversation we discuss the cognitive behavior traits seen on a daily basis from investors with elevated levels of stress due to active positions in the market. Recognizing these flaws is step 1 in our journey to learn more about ourselves so we can be in a position to make the best decisions possible in order to succeed. This is a podcast episode that I have wanted to record for a while now because I think it’s a good breakup from the more traditional market analysis and commentary. I hope this conversations inspires you to take a step back and become more aware of what you’re doing and why you’re doing it. I believe the more self-aware we are, the more efficiently and intelligently we can move forward as market participants.

Daniel Crosby, Ph.D. is the Author of The Laws of Wealth and The Behavioral Investor. I encourage you to check them both out!

Click here to see the rest of the podcast episodes in Season 1