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NEW QUESTION 30
Which of the following is true of the separating lines pattern?

• A. It is a reversal pattern
• B. The two candles have the same color
• C. The opening price of the second candle equals the opening price of the first candle
• D. The top of the upper shadow of one candle is at the same price as the bottom of the lower shadow of the other candle

Answer: C

 

NEW QUESTION 31
Counterattack lines are formed when:

• A. a doji breaks a moving average
• B. when opposite colored candles have the same close
• C. When same-colored candles have the same close
• D. a dumpling top fails with an abandoned baby pattern

Answer: B

 

NEW QUESTION 32
Which of the following is true of moving average construction?

• A. In the exponential moving average more weight is given to volume on higher volume days
• B. The linear weighted average addresses the problem of including only the price action covered by the length of the average itself
• C. A shorter term moving average more closely tracks price action
• D. The simple moving average is the geometric mean of previous prices

Answer: C

 

NEW QUESTION 33
What is the position of the MTA Code of Ethics as it pertains to trading on inside information?

• A. Under no circumstances is insider trading allowed
• B. Insider trading which violates the laws/regulations of any governmental or regulatory agency is prohibited
• C. Inside information may be disseminated but not acted upon
• D. The Code of Ethics takes no position on insider trading

Answer: B

 

NEW QUESTION 34
Which of the following are the three basic tenets of Elliott Wave Theory, in the CORRECT order of importance?

• A. Price, momentum and volume
• B. Pattern, ratio and time
• C. Waves, alternation and reversals
• D. Price, pattern and volume

Answer: B

 

NEW QUESTION 35
What is the importance of time in interpreting the saucer and peak patterns?

• A. Longer formation time periods increase the signaling importance of both saucers and peaks
• B. Saucer bottoms are more valid when they form over a short time period
• C. Longer time periods increase the signaling importance of saucers but not of peaks
• D. Long time periods between market peaks and troughs reduce the potential for a market reversal

Answer: A

 

NEW QUESTION 36
In a point and figure chart, what are the typical box sizes for a stock trading between 20 and 100, between 100 and 200, and then above 200?

• A. 1, 3, 5
• B. 1/2, 1, 2
• C. 1, 2, 4
• D. 1, 2, 3

Answer: C

 

NEW QUESTION 37
Near the end of a recession:

• A. stocks turn up before bonds and commodities.
• B. commodities turn up before bonds and stocks.
• C. all the asset classes turn up simultaneously.
• D. bonds turn up before stocks and commodities.

Answer: D

 

NEW QUESTION 38
In a meeting with his firm's senior research analyst, George Powel, a proponent of the CFA Institute Research Objectivity Standards (ROS), stated that the key objective of the ROS is to create voluntary reporting of research practices that promote independent and objective research to CFA Institute on an annual basis. With regard to his statements about the objectives of the ROS.

• A. He is correct about the voluntary reporting aspect.
• B. He is correct about the independent and objective research aspect.
• C. he is incorrect.
• D. he is correct.

Answer: C

 

NEW QUESTION 39
Which of the following is NOT true of the rising and falling three methods patterns?

• A. It starts with a long candle is followed by three short candles of the opposite color
• B. The pattern consists of a single candle
• C. The final day is another long candle of the opposite color of the three preceding small candles
• D. They are continuation patterns

Answer: B

 

NEW QUESTION 40
Beta measures:

• A. how much an individual stock's return is related to the market return.
• B. the relation between a portfolio's return and market return.
• C. the relation between a portfolio's volatility and market volatility.
• D. how much an individual stock's volatility is related to the market volatility.

Answer: A

 

NEW QUESTION 41
Why is it important to ignore opinions and focus on facts in market analysis?

• A. Stock market news is more important than general news in determining the future direction of the markets
• B. Unexpected news does not get factored into the market
• C. General news reflects slowly unfolding economic and financial trends not yet discounted by the markets
• D. Opinions are not generally discounted by the market

Answer: C

 

NEW QUESTION 42
A Harami most closely resembles what "western" charting pattern?

• A. Andrew's Pitchfork
• B. Gap
• C. Outside day
• D. Inside day

Answer: D

 

NEW QUESTION 43
A technical analyst was at a convention in which a long-term point and figure stock chart was being discusseD. He noticed that low-price action did not appear as active as high-price action on the chart. One suggestion the technical analyst could provide, to clear up this apparent distortion, would be to:

• A. Change the scale to arithmetic
• B. Change the charting scale to logarithmic
• C. Add the daily opening prices to provide a more visual benchmark of price changes
• D. Increase the time frame on the chart

Answer: B

 

NEW QUESTION 44
Which of the following is a component of the Code of Ethics?
CFA Institute members shall:

• A. use particular care in determining applicable fiduciary duty.
• B. practice and encourage others to practice in a professional and an ethical manner.
• C. use reasonable care and exercise independent professional judgment.
• D. maintain and improve the competence of other investment professionals.

Answer: B

 

NEW QUESTION 45
Which of the following is a CORRECT point and figure chart pattern interpretation?

• A. Upside breakout above a bullish resistance line signals sell
• B. Upside breakout above an ascending triple top signals sell
• C. Downside breakout below a bearish support line signals buy
• D. Downside breakout of a bearish triangle signals sell

Answer: D

 

NEW QUESTION 46
The stochastic oscillator was created utilizing which basic observation?

• A. As prices increase, prices tend to be closer to the upper end of the trading range
• B. As prices decline, the trading range tends to narrow
• C. Existing oscillators were limited to a range of 0 to 100
• D. Changes in volume precedes price movements

Answer: A

 

NEW QUESTION 47
Which is the CORRECT interpretation of the candlestick umbrella pattern?

• A. All of the above
• B. They are called hammers after a downtrend
• C. They are bearish after a rally
• D. They can be bullish or bearish depending on the market

Answer: A

 

NEW QUESTION 48
Which of the following describes the McClellan Oscillator?

• A. On days when prices close higher, it is assumed that all volume is represented by sellers
• B. It is a breadth momentum oscillator
• C. It is the sum of two exponential moving averages
• D. It is used for longer-range trading compared to the McClellan Summation Index which is more useful for short term trading

Answer: B

 

NEW QUESTION 49
Which of the following pieces of information is NOT contained in the CFTC's Commitment of Traders report?

• A. Reportable and non-reportable positions
• B. Current open interest of each contract
• C. Historical open interest of each contract
• D. Positions of hedgers and speculators

Answer: C

 

NEW QUESTION 50
Which of the following is the short-term trading cycle that tends to influence most commodity markets?

• A. 19-day
• B. 28-day
• C. 12-day
• D. 10-day

Answer: B

 

NEW QUESTION 51
Which of the following is the MOST likely use of an oscillator in a trading system:

• A. To determine position sizes
• B. As a timing tool
• C. To hedge other positions
• D. To forecast future price levels

Answer: B

 

NEW QUESTION 52
Which of the following is an important point in interpreting chart patterns?

• A. Chart patterns should be interpreted separately from trendline analysis
• B. Chart pattern interpretation is based solely on the current pattern and ignores the prior trend
• C. Topping patterns usually have smaller price ranges and take longer to build
• D. Longer-term patterns are more valid than shorter patterns

Answer: D

 

NEW QUESTION 53
The MTA Code of Ethics applies to:

• A. Affiliates only
• B. All of the above
• C. Members only
• D. CMT candidates

Answer: B

 

NEW QUESTION 54
Which of the following places the cycles in time length order?

• A. Lunar, presidential, seasonal, alpha/beta and Kondratieff
• B. Alpha/beta, lunar, seasonal, presidential and Kondratieff
• C. Alpha/beta, presidential, seasonal, lunar, and Kondratieff
• D. Kondratieff, presidential, alpha/beta, seasonal and lunar

Answer: B

 

NEW QUESTION 55
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