Happy Equinox, shut ins. Yes, as the seasons change, all over the globe we are staying inside and away from each other. Does that affect your mental state? You bet it does. And does it affect your market analysis and trading? Probably, but maybe not as much as it might have done a few bear markets ago when technology was still finding its way. The coronavirus (COVID-19) situation is quite fluid so I won’t comment. However, as markets try to find their footing and our day-to-day lives are different, we’re here to provide resources for you to make the best of it. Most importantly, we can tell you that the TAN Association is still up and running, having planned for an emergency situation months and years ago. Remember, back in 2001 our headquarters were in Tower 1 of the World Trade Center, so we know a few things about preparation and resilience. This issue of Technically Speaking will feature an article by Rob Hanna about how he operates using quantitative analysis alongside technical indicators. Our member interview is with Patrick Hennessey, a
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
What's Inside...
President’s Letter
by Scott G. Richter, CMT, CFA, CHPDear Members, Associates, Partners and Friends, As you know, we are in a very volatile time. Not only in the markets, but in our lives. I wanted to take just a few moments to share my...
Executive Director's Update
by Alvin KresslerCOVID-19 has clearly impacted our live event offerings in the near-term, as we have canceled all live chapter meetings through the end of May, postponed the Annual Symposium and just announced...
Notice of Annual Meeting
by Robert Palladino, CMTThe Annual Meeting of the TAN Association, Inc. membership is scheduled to take place on Wednesday, 10 June 2020. Online proxy voting for the annual meeting will open on May 8, 2020 and run through...
Trading Under Lockdown
by Michael Kahn, CMTI first posed the question on Twitter in some of the email chat rooms I frequent to find out how everyone was coping with the new normal but the response was rather limited. Perhaps this will give...
Chart Summit 2020 Resources
by Tom Bruni, CMTWhile you are stuck at home, here are some presentations to keep your TA mind sharp. On Saturday, March 28th, 2020, the Technical Analysis community came together for a virtual conference, Chart...
Thinking Like a Quant
by Rob HannaThe core part of the analysis I do at Quantifiable Edges is based on studies of market action or historical indicator readings. My work utilizes technical analysis tools, but I look to quantify my...
Baruch College Becomes the Home of an Important Research Collection in Technical Analysis
by Arthur Downing, Ph.D.This announcement was dated December 2, 2019 but is relevant given our focus this month on resources for members. The Technical Analysis Educational Foundation, Inc. (TAEF) has placed its research...
Member Interview
by Patrick Hennessy, CMTPlease tell us what you do professionally. I am the head trader for IPS Strategic Capital – an independent registered investment advisor based in Denver, CO that specializes in hedged equity and...
Membership News
by Marie PenzaMembers on the Move The TAN Association would like to congratulate the following members on their new positions: Durgesh Jadhav, Equity Advisor at SBICAP Securities Vishal Mehta, CMT, Founder at...
New Educational Content This Month
We hosted several online learning opportunities over the past few weeks, in addition to our involvement in the 2020 ChartSummit. With this roundup, you can easily identify the newest additions to our video archives, keeping your technical skills sharp while you’re homebound.
Dear Members, Associates, Partners and Friends,
As you know, we are in a very volatile time. Not only in the markets, but in our lives. I wanted to take just a few moments to share my thoughts about our association and about sticking to our mission.
First – We are committed to making it to the other side of COVID-19 and stewarding member resources in a prudent and cautious manner.
In a short amount of time, we’ve been through a lot of change. We’ve had to postpone our 47th Annual Symposium and we have bumped our mid-year exam cycle to December due to COVID-19.
We are taking the threat very seriously and adjusting our short-term focus to be prudent and conservative financially. We are taking the actions necessary to stay relevant to members, to be mindful of staff, and to be cooperative with our partners. Staff and committees have done an amazing job
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Scott G. Richter, CMT, CFA, CHP
Scott Richter, CMT, CFA, CHP is a senior portfolio manager for Westfield, which manages over $4B in AUM. He is the lead portfolio manager for alternative assets and is also responsible for investments in the energy and utility sectors. He was formerly the co-manager...
COVID-19 has clearly impacted our live event offerings in the near-term, as we have canceled all live chapter meetings through the end of May, postponed the Annual Symposium and just announced postponing the June TAN exams to December. However, we are stepping up virtual meetings and programs to continue to deliver to you a wide variety of programs. We are planning to bring you more programming as we gain more traction with our virtual platforms. We expect to relaunch live, in-person programming in the late summer and into the fall.
We are looking at more capabilities in virtual programming, as well as other services that may be of benefit to members. To that end, we encourage you to share with us your ideas around services and programming that you would find beneficial. Please contact us at info@tanassociation.org.
In the meantime, take a look at some of the resources we already have
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Alvin Kressler
Alvin Kressler is Executive Director & CEO of the TAN Association. Alvin was previously Director of Research and Corporate Access at Bloomberg Tradebook. Before joining Bloomberg, he was the Executive Director of The New York Society of Security Analysts (NYSSA). At over...
The Annual Meeting of the TAN Association, Inc. membership is scheduled to take place on Wednesday, 10 June 2020. Online proxy voting for the annual meeting will open on May 8, 2020 and run through June 8, 2020. You will receive an email invitation with detailed instructions for voting on May 8, 2020.
The 2020 Annual Membership meeting will be conducted entirely on-line; the link to register is included below. The Annual Meeting is open to all Members of the TAN Association, you are invited to attend via online webcast, details below.
Please register for the 2020 TAN Association Annual Membership Meeting to be held electronically on June 10, 2020, at 8:30 AM EDT using this link: https://attendee.gotowebinar.com/register/3098092120409790219.
Please contact Marie Penza, TAN Association Member Services Director, at 646-695-3008, or by email at marie@cmtassociation.org with questions.
Agenda
- Order of Business
- Approval of the Minutes of the June 11, 2019 Annual Meeting
- Reports by the TAN Association
- Scott
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Robert Palladino, CMT
Robert Palladino, who holds a Chartered Market Technician (CMT) designation, is a senior foreign exchange trader for JPMorgan Chase with experience trading foreign exchange, commodities, and interest rate products, including derivatives. His foreign exchange career has allowed...
I first posed the question on Twitter in some of the email chat rooms I frequent to find out how everyone was coping with the new normal but the response was rather limited. Perhaps this will give you a taste of what others are experiencing and, with some luck, we won’t need a follow-up piece over the summer.
As you all know and are experiencing, our normal lives have been supplanted by the global pandemic. Stay home, wash your hands, and when you must leave for food and medicine, wear gloves and a face scarf. Oh, and thank a healthcare worker, food delivery person and all the people behind the scenes keeping everything clean.
The question relevant to us here is how has this affected your interaction with the financial and commodity markets? After all, they are still open, despite the empty NYSE trading floor, and that means, thankfully, we all have
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Michael Kahn, CMT
Michael Kahn, who holds a Chartered Market Technician (CMT) designation, is a seasoned financial services strategist, analyst, columnist, educator and speaker. Michael has been working with charts and technical analysis since 1986. He is the author of three books on...
While you are stuck at home, here are some presentations to keep your TA mind sharp.
On Saturday, March 28th, 2020, the Technical Analysis community came together for a virtual conference, Chart Summit 2020, to educate, learn, and, most importantly, raise money for four charities that are supporting the fight against the COVID-19 Pandemic. Host JC Parets, CMT, and his team at All Star Charts partnered with Traders4ACause, the TAN Association, and over 30 market professionals/firms to deliver over 12 hours of content, hosting more than 10,000 registered participants, and raising over $50,000 for charity on the first day alone.
The presentations featured industry powerhouses like Dr. Brett Steenbarger, NYSE Floor Governor Jay Woods, Chief Equity Strategist of Bloomberg Intelligence Gina Martin Adams, and many others offering their own unique perspective on the current market environment. All of the replays are available for FREE at http://ChartSummit.com and donations are encouraged at
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Tom Bruni, CMT
Tom Bruni, CMT is a Technical Analyst at All Star Charts and the founder of BruniCharting. In May 2016 Tom graduated Magna Cum Laude from Molloy College's Business Honors Program where he spent the majority of his four years exploring career paths in the fields of Accounting and...
The core part of the analysis I do at Quantifiable Edges is based on studies of market action or historical indicator readings. My work utilizes technical analysis tools, but I look to quantify my observations in a way that provides me confidence that a particular setup is actually providing an edge. One of the most frequent questions I get is “How do you come up with the ideas to generate your studies?”
Curiosity and current market conditions are what drives many of the studies. Each night I examine the market to see what happened that day. How were the breadth numbers? What about volume? What was moving the most? How about volatility?
I’m basically looking for standout readings in price, volume, breadth, volatility, sentiment, or some indicator I may track. It doesn’t have to be anything Earth-shattering. Just something that might provide a hint. The market hit an X-day high or low,
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Rob Hanna
Rob Hanna has been a full-time market professional since 2001 and has served as president of Hanna Capital Management, LLC since that time. He first began publishing his market views and research in 2003. From 2003 to 2007 his column “Rob Hanna’s Putting It All...
This announcement was dated December 2, 2019 but is relevant given our focus this month on resources for members.
The Technical Analysis Educational Foundation, Inc. (TAEF) has placed its research collection on long-term loan in the Newman Library of Baruch College. The collection includes nearly 7,000 publications that constitute a significant portion of the body of knowledge of technical analysis, which considers the empirical information derived from the activities of buyers and sellers in an open auction market. The holdings consist of books, historical texts, journals, investment advisory letters, recordings, electronic and digital media, chart books, and photographs. The collection continues to grow through new acquisitions and donations.
Through its partnership with Baruch College, the TAEF is able to make this collection available to a diverse community of users. The collection will benefit both professionals and new entrants to technical analysis. In addition to supporting instruction and research at Baruch College, many
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Arthur Downing, Ph.D.
Arthur Downing, Ph.D. is Vice President for Information Services and Dean of the Library at Baruch College in New York.
Please tell us what you do professionally.
I am the head trader for IPS Strategic Capital – an independent registered investment advisor based in Denver, CO that specializes in hedged equity and other options-based strategies. I am responsible for trade execution for all of the strategies employed by the firm, as well as monitoring markets and assessing potential pockets of risk within our investor’s portfolios. The firm manages a 40 Act Mutual Fund (IPSAX), as well as a variety of SMA and option overlay strategies for high net worth individuals, financial advisors, and other institutional clients.
How did you get there?
During my senior year of college, I took a class on derivatives and the professor of the class was the founder & CIO of IPS Strategic Capital, Dominick Paoloni. He explained that they had an internship program at the firm, which was very intriguing to me after learning so much from the
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Patrick Hennessy, CMT
Bio
Members on the Move
The TAN Association would like to congratulate the following members on their new positions:
- Durgesh Jadhav, Equity Advisor at SBICAP Securities
- Vishal Mehta, CMT, Founder at Marketscanner.in
Since many of us are presently working from home, please take a few minutes to log into the website and update your information if your company, address or telephone has changed. Stay safe.
CMT
If you have completed the TAN Level III exam or are presently registered for the exam and have the necessary three years of professional work experience, don’t forget to apply for the Professional Member status.
If you have any questions about the Professional Membership process, please forward your questions to info@tanassociation.org.
The TAN Association would like to congratulate the following members who received their TAN designation in March 2020.
- Noah Brooks
- Wenkang Chung
To view this content you must be an active member of the TAN Association.
Not a member? Join the TAN Association and unlock access to hundreds of hours of written and video technical analysis content, including the Journal of Technical Analysis and the Video Archives. Learn more about Membership here.
Contributor(s)

Marie Penza
Marie Penza serves as the Director of Member Services for the CMT
New Educational Content This Month
-
August 26, 2020
The CMT Experience
Presenter(s): Tyler Wood, Dave Lundgren, CMT, CFA
-
August 26, 2020
Reading the Current Market in Light of History’s Lessons
Presenter(s): Ryan Detrick, CMT
-
August 12, 2020
How to Spot Major Trend Reversals with Elliott Waves and Socionomics: Examples from Asia’s Ongoing Secular Bull Market
Presenter(s): Mark Galasiewski