How often do we hear one person ask another, “So what are the charts telling you?”, or “What does that chart say?”. Think about that. Charts don’t actually say anything at all. They’re charts. Charts don’t speak. So why do so many people want to know what the charts are saying?

Technical analysis is the study of the behavior of the market and market participants. The most important tool that we have as technicians is price. Movements in the price of an asset represent the changes in equilibrium between supply and demand. It just so happens that the best way to visualize these changes in equilibrium is in chart form. This is why many technicians prefer to be chartists. It is not necessary for a technician to use a chart

Over the next month I will be giving several technical analysis presentations on the east coast and all of you are invited to join me. Some of you have seen me give these before, so just know that they are all different. I try and tailor the educational content to the current market environment that is obviously always evolving. Here are the upcoming dates and details:

Momentum is a word that is used an awful lot when referring to public markets. You hear people talk about "momentum stocks" or how they're seeing a "momentum shift". Unfortunately most of these references are just off-the-cuff sort of statements that don't have any real meaning. "It sounds good, so let's use it", kind of mentality. For me, it is a really important part of my process and I want to explain to you how I use it.

First of all, I am not an oscillator junkie. We all know that guy with 27 indicators plotted beneath the price on a chart. That isn't me. I like my charts clean. It's amazing how much you can see when you just get everything else the hell out of the way. My preference is a 14-period Relative Strength Index, otherwise known as RSI. Don't confuse this with