Technical Analysis and Strategy Program

This program taught by Ralph Acampora combines TECH 1005: Technical Analysis - Principles and Theories and TECH 5000: Advanced Technical Analysis/Real Time Usage.

The first week of 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.

The second week of this program is an intensive continuation of the ''Principles and Theories'' program. Participants 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. Treasurys, currencies, and commodities. Emphasis will be placed on the use of software in creating and interpreting charts.

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Traders, portfolio managers, analysts, financial planners, brokers, individual investors, and anyone making or influencing decisions as to when to buy or sell securities.
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
  • Use electronic tools to facilitate analysis
  • Create their own market forecast in the final exam on Day 5, including external and internal indicators, along with intermarket analysis and style strategy - culminating with five buy and five sell recommendations
Knowledge of securities markets.
  • CMT Examination Preparation/Technical Analysis - Evening
  • Fusion Analysis - Day/Evening
  • Week 1: Principles and Theories
    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
    • Real Time Computer Presentation

    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 & Bear Markets
    • Insider Activity
    • Mutual Fund Cash Position

    Intermarket Analysis

    • Fixed Income
    • Currencies
    • Commodities
    • Foreign Markets
    • Real Time Presentation

    Week 2: Advanced Technical Analysis - Real Time Usage
    The US Equity Market and Major Indexes
    • Top-Down Approach to External Indicators (Market Indexes) and Analysis of these Indexes
    • Dow Jones Utility Average
    • S&P 400, 500, 600
    • NASDAQ Composite
    • NDX 100
    • Philadelphia Semi-Conductor Indez (SOX)
    • Russell 2000

    Top-Down Approach to Internal Indicators

    • US Equity Market
    • Advance/Decline Lines (Breadth)
    • New Highs/New Lows
    • Upside vs. Downside Volume
    • Ticks
    • TRIN
    • VIX Index
    • Insider Activity
    • Bull/Bear Ratings
    • Odd Lot Data
    • Seasonality
    • Cycles (Presidential and Four-Year)

    Intermarket Analysis

    • Fixed Income, Commodities, and Currencies
    • Ten-Year Treasury Yields
    • CRB Index
    • Continuous Commodity Index
    • Journal of Commerce Index
    • US Dollar, British Pound, Euro, Yen
    • Cross Currencies

    Foreign Equity Markets

    • European Markets
    • Asian Markets
    • Latin American Markets
    • Emerging Markets

    Style Strategy and Sector Analysis

    • Large-Cap vs. Small-Cap
    • Large-Cap vs. Mid-Cap
    • Mid-Cap vs. Small Cap
    • Growth vs. Value

    Group Analysis

    • S&P 500 Groups
    • Large-Cap Groups
    • Mid-Cap and Small-Cap Groups
    • Create a ''Scorecard''
    • Comparative Relative Strength
    • 100 Separate Groupings

    Bottom-Up Approach: Stock Picking on a Technical Basis

    • Real-Time Presentations
    • Create a ''Scorecard'' for Stock Picking
    • Selecting the Most Attractive Individual Stocks within the Strongest and Weakest Groups - Potential Buy Candidates
    • Identifying the Unattractive Stocks within the Strongest and Weakest Groups - Potential Sell Candidates

    Final Exam

      The final exam will consist of a variety of questions that will test the participants' competence in technical analysis. Participants must achieve a minimum grade of 70% in order to qualify for the New York Institute of Finance Certificate in Technical Analysis.

    Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

    Lunch included for all students taking day classes.