The Speed Traders’ Author, Edgar Perez, Kicking Off Advanced Market Timing Experts Workshop 2011 in Singapore and Hong Kong

Advanced Market Timing Workshop 2011

Edgar Perez, Author, The Speed Traders, http://www.TheSpeedTraders.com, will kick off Advanced Market Timing Experts Workshop 2011, “Master Market Timing with the Leading Technical Analyst,” http://www.advancedmarkettiming.com, to be held on June 20 & 21, Singapore, and June 23 & 24, in Hong Kong, by leading expert Trevor Neil, Managing Director, BETA Group.

Advanced Market Timing Experts Workshop 2011, Master Market Timing with the Leading Technical Analyst, is the most comprehensive workshop on Technical Analysis, designed for finance professionals involved in front office trading, Forex, futures, equities, derivatives, fixed income, commodities, energy and power; in summary, anyone for whom precision market timing is important.

An experienced practitioner, Trevor Neil, Managing Director, BETA Group, will lead Advanced Market Timing Experts Workshop 2011. It is suited for those who have knowledge of technical analysis theory but need a bridge between the books they have read and courses they have attended and their job. Attendees will not just learn that when two lines cross they buy. It is never that easy. When can you be confident the signal is going to follow through? What techniques are right for your job? How to protect positions with a low risk of being ‘whipped’ out of a position? This is a how to do it course for market professionals.

The Speed Traders, http://www.TheSpeedTraders.com, published by McGraw-Hill, is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today’s high-frequency traders make millions—one cent at a time.

Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He is the founder of Golden Networking and host of High-Frequency Trading Happy Hour business receptions (http://www.hfthappyhour.com) in New York City, which have drawn the world’s top industry practitioners. He has organized high-frequency trading forums (http://www.hftleadersforum.com) and workshops (http://www.hftexpertsworkshop.com), as well as conferences on subjects as diverse as hedge funds, derivatives, private equity, distressed investing, and China, attracting thousands of executives and professionals in the world’s major business centers. Mr. Perez has presented at Harvard Business School‘s 17th Annual Venture Capital & Private Equity Conference and at forums organized by Columbia Business School‘s Career Management Center and Alumni Club of New York.

The Interview to Trevor Neil: Vision of Technical Analysis (Part 1)

The Instructor of Advanced Market Timing Workshop in Singapore and Hongkong

Trevor Neil manages the Isivuno fund at T-Capital in Cape Town, South Africa. He was previously head of technical analysis at Bloomberg.
He was interviewed by Technical Analyst, UK.

TA: What was your incentive for leaving Bloomberg to set up the hedge fund in South Africa?

TN: After four years as head of technical analysis there, I felt it was time to get back to trading. I have been a trader since my ‘A’ levels, preferring to go to the coffee futures floor than to university. I had basically been running a position for the last 27 years until I took the Bloomberg job. I quickly realized that I needed technical analysis to time trades. Cape Town appealed to me most as a place I might like to actually live. When the opportunity to start a fund there came along, I jumped at it. Why trade under grey skies if you do not have to?

TA: What is your role at the hedge fund? What markets do you trade and what techniques do you use?

TN:Our mandate only allows us to trade South African equities, index futures and government bonds. Our trading is almost totally technically driven. We need to know corporate actions but the fundamentals themselves do not determine our buying and selling. We use a trading plan to ensure we are with the trend but we add alpha by taking advantage of market reactions to go short as well. Our investors expect us to make money when the long bull run in South African shares comes to an end. To make money these days as a technical analyst, using the RSI and MACD is not enough. Everyone can see overbought stocks or a trend changes in the futures or a trend line break in bonds. More precision is needed and for this advanced techniques such Tom Demark’s indicators or some of our in-house developed indicators are required.

TA: The profile of TA has undoubtedly increased because of its use by hedge funds. Why do you think this is?

TN: I think that most hedge funds appreciate that you need technical analysis to time trades. When I was at Bloomberg I met many fundamental analysts who were closet technical analysts and I was also often asked by institutional desk heads to train their traders in technical analysis techniques because their clients were using it. There is natural selection in market analysis. Hedge fund managers tend to gravitate towards this technique, because it works.

Tom DeMark Indicators and Other Important Technical Analysis Techniques at Advanced Market Timing Experts Workshop 2011

Tom DeMark’s famous contertrend market timing tools will be covered at Advanced Market Timing Experts Workshop 2011, seminar to be held on June 20 & 21, Singapore, and June 23 & 24, in Hong Kong, with expert Trevor Neil, Managing Director, BETA Group.

The DeMark indicators are the ones that are making traders money these days. The program will include an in-depth look at the TD Sequential™, perhaps the most commonly used DeMark indicator. The Sequential identifies when a trend is becoming, or has become, exhausted and has an impressive record of identifying and anticipating turning points across the FX, bond, equity and commodity markets. Above all, it is renowned for the reliability of its ’9′ and ’13′ buy and sell signals. Also included is the TD Combo™, TD Lines™ and TD Moving Averages™, invaluable additions to Tom DeMark’s suite of indicators.

Trevor Neil, Technical Analysis Guru, at Advanced Market Timing Experts Workshop 2011

Trevor Neil has been a trader for over 30 years starting at the age of 18 as a coffee floor trader for Merrill Lynch. He moved into other ‘softs’ and then became a broker, when he became interested in technical analysis. At the time, the ‘70’s, technical analysis was changing. He became very involved in the early stages of the development of computerized technical analysis. When LIFFE opened, he moved into financial futures, then Forex and later equities. He worked as a broker, fund manager, analyst but always in the area of technical analysis. He served for many years on the board of The Society of Technical Analysts which awarded him MSTA

Trevor Neil has written many articles and is a popular speaker all over the world. In 1999 he became head of Technical Analysis at Bloomberg which he did for four years overseeing the development of charting on that platform. He left to form a successful hedge fund based in South Africa. He is now a director of BETA Group and works with traders at a large UK hedge fund offering a timing overlay. As such, he remains an active trader in the equities, Forex and derivatives markets. In 2010 he started a new £15 million hedge fund to trade a diversified portfolio, 100% technically driven.

More information can be found in their website Advanced Market Timing Experts Workshop 2011 (http://www.AdvancedMarketTiming.com).

Vision’s of Trading: An Interview about Trevor Neil

Advanced Market Timing Experts Workshop 2011, Master Market Timing with the Leading Technical Analyst

Fundamentals Have no Part in my Trading Decisions, Says Trevor Neil, Course Director of Technical Analysis Workshops in Singapore and Hong Kong

In an interview conducted by Amber Hestla with Trevor Neil, Managing Director, BETA Group, and course director of the upcoming Advanced Market Timing Experts Workshop 2011 (Singapore, June 20th-21st 2011, and Hong Kong, June 23rd-24th 2011, he explains why fundamental analysis has no part in most of his trading decisions, and why he doesn’t like to make long term predictions about the markets.

Do you look at any fundamental or economic inputs to develop your opinions?

Fundamentals have no part in my trading decision. If my horizon were longer they would. I have to know when results, GDP, non-farm payroll, etc., are due but they do not affect my trading decisions.

What technique do you rely on the most? Can you describe this tool?

In my training work I specialize in many advanced trading techniques. But my favorite is the work of Tom DeMark. I find his work stunning in its precision. I love the way he thinks. When I was at Bloomberg, I had the privilege to get to know him and appreciate his work. He was the reason I left. I wanted to get back into the markets and with a colleague formed a hedge fund to trade using DeMark techniques. I was that convinced and it is still my favorite. I have done well by using his work. I owe him a lot.

Can you share any longer-term market opinions?

I always thing technical analysts should not make long term predictions and I always decline requests from TV to forecast the stock market for the year and so forth. Every day is a new piece of data and I can be bullish now but can change my mind if something in the chart changes. In all cases, as long as the patterns of rising tops and rising bottoms (or lower tops and lower bottoms) remains intact. When will the patterns be broken? I don’t know.

What advice would you have for someone starting in the business today?

It is a lot harder now than it was when I started. My first job was at Merrill Lynch in 1975. In those days they were so hungry for people, they would take anyone. Within three months of joining I was on the floor. It is not like that now. It is a lot harder.

Currency Majors Technical Perspective for Monday May 30, Holiday in Both the UK and the US

EUR/USD Current price: 1.4279

Quiet Monday due to holidays’ both, in the UK and the US, are keeping the major crosses limited to tight trading ranges, with the EUR/USD trading above 1.4250 yet limited by 1.4300 since early Asian opening. Flat according to hourly indicators, and hovering around 20 SMA that losses  past Friday’s bullish tone, pair is set to extend consolidative range over the next hours, at least until Sydney Tuesday opening. 4 hours chart, shows the pair remains limited below 200 EMA, while indicators head slightly south, helping to keep the upside limited for now. Despite holiday’s concerns the euro zone will struggle to resolve its debt crisis keep hitting the wires, suggesting the cross may come under pressure once markets are back in full trading mode.

Follow the markets with Valeria Bednarik, author of the Currency Majors Technical Perspective report, in Forexstreet.net.

Technical Analyst Likes S&P 500, Which has Risen Above its 50-day Exponential Moving Average, and Gold Miner ETFs

Technical Analysis S&P 500

Exchange traded funds tracking the S&P 500 and gold miner stocks are at critical junctures and a bit more momentum could propel the ETFs to further gains, a market analyst said Friday.

“Today the S&P 500 has risen above its 50-day exponential moving average following a teasing four day jaunt beneath it. The next hurdle to overcome is trendline resistance of a channel drawn down from the May 2 high,” said Tarquin Coe, technical analyst at Investors Intelligence, in a note to subscribers Friday.

SPDR S&P 500 ETF (NYSEArca: SPY) gained 0.4% Friday afternoon.

“Overcoming that level, with a close above it today, will leave the index well positioned for a rally from Tuesday. The two weeks following Memorial weekend are typically strong,” the analyst wrote.

Gold stocks were also strong Friday.

Market Vectors Gold Miners (NYSEArca: GDX) is “extending its rally from the bottom of a nine month range and the relative chart versus the S&P 500 is doing likewise,” Coe wrote.

“Conditions are not overbought and as such the bounce should continue in the weeks ahead, likely up to the top of the range at $64, some 10% from current levels,” he added.

Are Internet Stocks yet Another Bubble? Even Good Companies can be Bad Investments if the Price isn’t Right

Technical Analysis about Internet Stock

It’s the same this time, only different.

How else to describe the renewed frenzy for dot-com stocks barely a decade after their ill-fated predecessors broke hearts and wallets when the irrational exuberance of the late 1990s gave way to economic reality.

The question of whether Internet stocks are in yet another bubble was brought to the fore recently by an oversubscribed and hugely lucrative initial public offering from LinkedIn Corp., the professional networking site.

Although the company’s investment bankers initially set the IPO at about $35 a share, relentless demand pushed the price up to $45. (It’s not unusual for the offering price to be set low since the subsequent rise in a stock’s price creates credibility for the IPO market and valuable publicity for the newly public company.)

After hitting the market, LinkedIn shares doubled to over $100 in a matter of hours, before falling back to about $90.

At that price, LinkedIn is valued at 600 times earnings and 40 times revenue. By comparison, Apple Inc. fetches 16 times earnings and less than four times sales despite growing by more than 50% annually over the last five years.

Cash-rich technology companies also have been on the prowl; Microsoft Corp. recently paid 32 times operating earnings and 10 times sales for Skype, the online video service.

Asset prices are considered bubbly when they become unhinged from sustainable fundamentals, as in paying the modern equivalent of $34,000 for a Viceroy tulip bulb in 1635, 100 years of profit for the average technology stock in 1999, or whatever amount it took to own and flip a Miami condo in 2005.

Bubbles require abundant liquidity, widespread acceptance of best-case growth scenarios, and an ample helping of greed. All three conditions are to be present in the current mania for dot-com stocks.

Whatever becomes of LinkedIn, Renren, Facebook and the like, the final wave of Internet IPOs – whenever it arrives – will almost certainly contain many doomed businesses going public at unjustifiable prices.

Even good companies can be bad investments if the price isn’t right. They can be fun and fashionable to own, but fun and fashionable won’t buy groceries, pay the mortgage or put the kids through college.

Read More at: http://www.jsonline.com/business/122781669.html