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Any insights on the CMT exam ?, - Chartered Market Technician

can’t find any active forums or chat rooms for the CMT.

curious if anyone here has an opinion

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Anyone ?  anyone?   crickets.

Pass Level III and get your charterholder first. Then you can get exemption from CMT Level I exam.

but what do you think of the program?   is it worth it?

CMT used to be all about country but now it’s just a bunch of reality shows.

Kinda like that other TV channel, which used to play music videos.


I got the Level 1 book.   didn’t sign up for the exam yet.

the material is fun to read, and interesting.

I just sat for the Level 1 test for the CMT. The book was interesting. I am on the retail side, so compared to the 7, 66, and 24 it is a fairly low bar. The text is primarily a conglomeration of other texts, which helped to break up the style of writing. Some of it was new to me, Elliott wave theory, motive, impulse, diagonal, corrective, etc. I thought candlestick patterns were interesting, but they are pretty much just two and three day patterns (I always like to say “doji” when i saw it in the text), “dark cloud cover”, “morning star”, etc. Point and Figure charting is very interesting to learn about as well. There are also some good general investment rules covered from 100 years ago up to now. The general takeaway from the text is that EMH is not proven, and TA is not proven. Go figure. Hence, Adaptive Market Hypothesis.

It is not really practical for my day to day work. About a quarter of the test seemed to overlap the securities test, such as options and ethics, so that made it a bit easier. I would say if it can help with your learning then do it, but I don’t think it would help significantly to get a job or to get promoted (unless your boss says it will). I personally like that only 2400 people have the designation, even though that means most people have not been familiarized.

All that said, i would never try to have a conversation with a client about Elliott wave theory, or point and figure charting.

You passed all 3 levels and didn’t notice how dismissive the curriculum was of charts and waves?  I posted on this a few months back.  The curriculum says that kinda, sorta, maybe, it is useful for currencies, or was useful.  It lands solidly on charts being useless for making money on stocks.

However, I will give two caveats. 1. Enough people pay attention to things like 200 day moving averages and trading ranges that you should know what they are.  If you are an analyst following a small number of companies/issuers, when they move out of trading range is a good time to update your analysis.  There is no expected excess investment return.  However, your clients will rightfully perceive better service.  2. If you are a regulator, technical analysis helps you look for manipulation and fraud.

I prefer to use lamb intestines or tea leaves than TA when investing.  

It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so.