Technical Analysis / Chartered Market Technician, The Markets Academy

David Coloretti, CMT

David Coloretti is a Chartered Market Technician (CMT) and a full member of the Market Technicians Association of New York. David is the Managing Director of The Markets Academy Pty Ltd (TMA), an independent research firm based in Australia.

TMA delivers a technical analysis / strategy subscription service in G10 and Asian financial markets, primarily to Asia's leading hedge funds and banks. Technical analysis of individual stocks and Cryptocurrency markets is delivered exclusively via SmartKarma. 

TMA implements 2 strategies. 1) Tactical ... Trend Sustainability Score (TSS) allows TMA to identify exhaustion / reversal points in interim trends by utilising our proprietary analysis of ST momentum indicators. 2) Medium Term ... our 3 Pillars approach to technical analysis allows TMA to determine high probability medium term outcomes in markets.

David's career spans 30+ years as a technical analyst across senior trading, sales and strategy roles. Prior to establishing TMA in 2013, David worked for BP, Credit Suisse, Citi, Barcap and RBS in Australia and Singapore.

The Markets Academy Pty Ltd is regulated by the Australian Securities and Investments Commission and holds an Australian Financial Services License (AFSL 431904).

Technical Analysis / Chartered Market Technician

The Markets Academy

TMA implements 2 strategies. 1) Tactical ... Trend Sustainability Score (TSS) allows TMA to identify exhaustion / reversal points in interim trends by utilising our proprietary analysis of ST momentum indicators. 2) Medium Term ... our 3 Pillars approach to technical analysis allows TMA to determine high probability medium term outcomes in markets.

Technical Analysis

<p>Technical Analysis View: Coincident LT technical triggers completed in May 2016 have been seen previously in 2004, 2008 and 2012. The 3 previous episodes confirmed the continuation of LT trends of material significance.</p><ul><li> Price Action: 2 critical technical analysis triggers completed in May 2016: <ul><li>1) The crossover of the 12 and 26 month exponential moving averages (key components of MACD).</li><li>2) Price closing beyond the 50 month moving average on a month end close. </li></ul></li><li>Momentum: LT momentum at negative levels not seen in over 4 years.</li><li>Key Levels: Price must remain below the 50 month MA (currently 6000) to maintain the negative trend bias.</li></ul>

Technical Analysis View: Coincident LT technical triggers completed in May 2016 have been seen previously in 2004, 2008 and 2012. The 3 previous episodes confirmed the continuation of LT trends of material significance. Price Action: 2 critical technical analysis triggers completed in May 2016: 1) The crossover of the 12 and 26 month exponential moving averages (key components of MACD).2) Price closing beyond the 50 month moving average on a month end close. Momentum: LT momentum at negative levels not seen in over 4 years.Key Levels: Price must remain below the 50 month MA (currently 6000) to maintain the negative trend bias.

Toyota Motor Corp (7203 JT): Strong Confirmation of the Ongoing Downtrend