Laurence Balanco, CMT, is a skilled Technical Analyst at CLSA Australia Pty Ltd, known for his expertise in global markets and Elliott Wave analysis. He shares his insights on navigating market trends and the importance of adapting investment strategies in a shifting landscape. The discussion highlights the resilience of global markets amid US economic uncertainty, the evolution of Bitcoin as a recognized asset, and emerging opportunities in sectors like fintech and robotics. Balanco also delves into the intricate dynamics of the dollar's influence on emerging markets.
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Balanco's Market Journey
Laurence Balanco's interest in markets began in high school, influenced by his father-in-law's investments.
Early in his career, he realized that markets didn't always follow fundamental valuations, especially during the tech bubble.
volunteer_activism ADVICE
Start with the Basics
Start with the basics of technical analysis if you are a beginner.
John Murphy's "Visual Investor" is recommended for its clear explanations of basic concepts and indicators.
insights INSIGHT
Buy-Side vs. Sell-Side TA
Using technical analysis evolves when managing money compared to sell-side idea generation.
The buy-side demands holding and managing positions, while the sell-side focuses on pitching and moving on.
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John Murphy's "The Visual Investor" serves as an excellent introduction to the world of technical analysis. The book clearly explains fundamental concepts and indicators, making it accessible to beginners. It emphasizes practical application and interpretation of charts, equipping readers with the tools to analyze market trends. Murphy's work is widely respected within the financial community for its clarity and practicality. The book's enduring popularity is a testament to its effectiveness in helping traders and investors understand market dynamics.
In this episode of Fill the Gap: The Official Podcast of the CMT Association, we welcome Laurence Balanco, CMT.
Laurence Balanco, CMT is a Technical Analyst at CLSA Australia Pty Ltd. Lawrence has a broad array of knowledge of all the different markets, and a real unique perspective about pulling all these different markets together. Back in the day he was very a very heavy user of Elliott Wave. Technicians that can do it well can do it well, and he's definitely one of them. In our time with him during this interview, we covered basically every market on the planet.
Fill the Gap, hosted by David Lundgren, CMT, CFA and Tyler Wood, CMT brings veteran market analysts and money managers onto a monthly podcast.
For complete show notes of every episode, visit: https://cmtassociation.org/development/podcasts/
Give us a shout: @dlundgren3333 or https://www.linkedin.com/in/david-lundgren-cmt-cfa-63b73b/ @_TBone_Pickens or https://www.linkedin.com/in/tyler-wood-cmt-b8b0902/ @CMTAssociation or https://www.linkedin.com/company/cmtassociation
CMT Association is the global credentialing authority committed to advancing the discipline of technical analysis in the financial services industry. We serve members in over 137 countries. Our mission is to elevate investors mastery and skill in mitigating market risk and maximizing return in capital markets through a rigorous credentialing process, professional ethics, and continuous education. CMT Association formed in the late 1960s with headquarters in lower Manhattan, NY and Mumbai, India.
Fill The Gap: The Official Podcast of the CMT Association