November Meeting

Thursday, November 2nd at 7:30 PM

The Ring House
1801 East Jefferson Street
Rockville, MD 20852

Presentation Speaker:

Carl Perthel, CMT
Senior Portfolio Manager
American Asset Management Group, Inc.
SMT Member


A Macro Look at Market Cycles & The Halloween Indicator

Please join us for our monthly meeting that will feature SMT Member Carl Perthel.  In the first part of his presentation, Carl examines the merits of technical analysis and shows why price is the ultimate indicator. Carl will review secular and cyclical “bull” and “bear” markets since the beginning of the 20th century, evaluating their characteristics, significance and repetitive natures, showing the audience why the past may be a prologue. Carl will examine past “bull” and “bear” market valuations to determine whether they should be a consideration in today’s market environment. His goal for you: given the preponderance of technical and fundamental evidence in today’s equity market, should we consider this bull market to be near its end?

After a short break, the second half of Carl’s presentation will be an update on the Halloween Indicator (Sell In May and Go Away) to review its performance over the past six months, while providing historical data going back almost 50 years to support the premise that the “Halloween Indicator” is NOT a trick, but a treat.

This presentation will not be recorded.

If you would like to join our speakers for dinner before the meeting, please send an email to John Nelson ( before 6:00 PM, Wednesday, November 1st to reserve a seat and be at Almalfi’s, 12307 Wilkins Ave, Rockville, MD by 6:00 PM on Thursday.

Members are reminded we will start collecting dues for 2018 in October.  Members may pay dues by check or cash at the meeting ($45), by credit card at the meeting ($47 total using our mobile reader), or on the SMT web site ($47) using either a credit card or PayPal.  Web site and credit card payments are an additional $2 to cover SMT online banking costs.  Dues increased to $45 in 2018. New members may join at anytime for the same due and their membership will be valid to 12 months after the date of payment.

 A reminder, our meeting will be held in the downstairs social hall and we will have high speed WiFi available.

If you missed any of our meetings since June 5th, 2014, members can log on to the SMT web site and view the video of the meeting presentation in addition to downloading the presentation. Go to the “Resources” menu tab, then select “Meeting Videos”

SMT logo coffee mugs will be available for purchase at the meeting, $5 for members, $7.50 for non-members.  If you are a member and have not picked up your SMT lapel pin, see Sondra Katz at the meeting. The new SMT logo Power Bricks will be available for sale to members for $15, $17.50 for non-members.  We will also have the new SMT logo golf shirts, for $25.