The Charts That Matter

Not many fund companies have a head of technical analysis anymore, but they probably should.  Riccardo Ronco is a practitioner that has won numerous awards for his work at London based Aviate Global.

Below is a chart that contains a warning sign from NYSE Net Margin report, as well as his speech to the MTA London chapter in February.


“A loss never bothers me after I take it, I forget if overnight. But being wrong, not taking the loss – that is what does damage to the pocket book and to the soul.“ Jesse Livermore


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NYSE Net Margin Debt

MTA Feb 2013



Riccardo Ronco
44 20 7233 3245


Riccardo Ronco is the head of technical analysis at Aviate Global in London.

Mr. Ronco follows large- and mid-cap European and U.S. equities, paying attention to domestic and foreign equity indices, currencies, commodities, and interest rates. As a medium-term trend follower, his approach is strongly quantitative in nature; particular attention, however, is devoted to identifying reversal patterns characterized by excessive consensus among investors.  Mr. Ronco brings more than 15 years of experience in trading, quantitative analysis, and teaching technical analysis in the United Kingdom and Italy. Prior to joining Aviate Global in April 2010, Mr. Ronco worked for Credit Agricole Indosuez, Banca Intesa Group, and Banca AntonVeneta (MontePaschi Group) and FBR Capital Markets.
He is a frequent guest on CNBC Europe and other European media outlets. A member of the Society of Technical Analysts (STA) and the Market Technicians Association (MTA), Mr. Ronco was a speaker at the International Federation of Technical Analysts (IFTA) 1998 conference in Rome and Beijing (2011). His work is mentioned in the book Capital Market Revolution: The Future of Markets in an Online World by Patrick Young. Mr. Ronco received his degree (with honors) in economics from the University of Turin.  He currently holds Chartered Market Technician (CMT) Level 1 and 2 diplomas.