Quantitative market timing strategies are not consistently profitable when applied to 15 major
commodity futures series. We conduct the most comprehensive study of quantitative trading …

This paper investigates whether intraday technical analysis is profitable in the US equity
market. Surveys of market participants indicate that they place more emphasis on technical …

We show that candlestick charting, the oldest known form of technical analysis, is not profitable
in the Japanese equity market over the 1975–2004 period. Candlestick technical analysis…

This paper considers the returns to technical analysis on the New Zealand stock market. The
small nature, short-selling constraints, lack of analyst coverage, and loose insider trading …

Earnings forecasting models produce highly statistically significant asset selection, active
equity, and total active returns. We propose a measure of abnormal news volume that controls …

We examine how the linguistic content of news items affects the volatility of a firm's liquidity,
and we consider whether accounting quality moderates the media content-liquidity volatility …

Over 5,000 popular technical trading rules are not consistently profitable in the 49 country
indices that comprise the Morgan Stanley Capital Index once data snooping bias is accounted …

One of the most frequently cited criticisms of quantitative investing has been the charge that
everyone uses the same factors and models. In other words, the popular strategies of the last …

The CRISMA technical trading system, which comprises price momentum, volume, and relative
strength components, is among the most publicized evidence against market efficiency. …

Technical analysis is not consistently profitable in the 49 countries that comprise the Morgan
Stanley Capital Index once data snooping bias is accounted for. There is some evidence …