Fill The Gap: The Official Podcast of CMT Association

This episode of Fill the Gap features Ryan Detrick, CMT, chief market strategist at Carson Group, who shares how early losses, career setbacks, the CMT designation, and social media shaped his data-driven approach to investing. His framework centers on market breadth and credit spreads, which he sees as reliable indicators of whether market conditions are healthy despite alarming headlines or short-term volatility.

Detrick remains bullish because he believes the U.S. is in a long-term secular bull market supported by resilient consumers, expanding earnings, strong profit margins, and improving economic indicators. He argues that gradually rising interest rates can coexist with equity gains when they reflect economic strength, while recommending diversification through international equities, gold, managed futures, Bitcoin, floating-rate assets, and shorter-duration bonds.

Overall, he emphasizes humility, consistency, trend-following, and evidence-based decision-making, while highlighting the CMT community’s value in helping investors manage risk and identify opportunities.

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.

Learn more at: www.cmtassociation.org

This episode of Fill the Gap features James Brodie, CMT. Throughout the conversation, James emphasizes how technical analysis is fundamentally about risk management, discipline, and controlling behavioral biases, especially the tendency to cut winners too soon and hold losers too long. He also explains how his approach evolved from discretionary trading to more systematic methods, using trend-following for persistent moves and mean-reversion strategies only when price action confirms a reversal. 

A major theme of the episode is the importance of watching intermarket relationships—especially in energy, rates, currencies, and commodities — because risks often build in overlooked corners of the market before showing up more broadly. He closes by sharing his current market insights and opportunities, highlighting refined energy products, and a few others, while stressing that regardless of the narrative, the most important signal is still the price itself.

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.

Learn more at: www.cmtassociation.org

In this episode of Fill the Gap, Tyler Wood, CMT and Dave Lundgren, CMT, CFA interview David Cox, CMT, CFA, Senior Portfolio Manager at Financially INsync, about his evolution into a technically driven investor and how his experience shaped a disciplined, trend-following approach. David also emphasizes the importance of routines, risk management, and acting decisively at market inflection points. He describes it as a "technically driven approach," relying far more on price, volume, relative strength, and market behavior than on narratives or headlines, which he views as often misleading for investors. 

The conversation also explores the emotional and practical challenges of managing client money, including handling cash positions, avoiding large drawdowns, and balancing clear rules with discretion rather than fully automating decisions. This episode gives you a glimpse into the inner workings of portfolio management, as well as the mindset of a successful portfolio manager.

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.

Learn more at: www.cmtassociation.org

In this episode of Fill the Gap, Tyler Wood, CMT and Dave Lundgren, CMT, CFA interview Razan Hilal, CMT, a Dubai-based global macro market analyst at StoneX. Razan explains how she came to technical analysis through mentors and dealing-room experience, emphasizing the importance of risk management, discipline, and adhering to a structured framework when finding and capitalizing on trade opportunities.

The conversation then connects FX, commodities, and equities through an intermarket lens, focusing on how conflict-driven energy shocks and inflation expectations feed into central bank policy and market behavior. Enjoy this incredible glimpse into global markets with our guest, Razan Hilal, CMT.

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.

Learn more at: www.cmtassociation.org

In this episode of Fill the Gap, our friend Ted Hicks, CMT, CFP, CKA joins us to talk about his journey from traditional financial planning to a technically driven, rules-based investment process after living through the dot‑com crash and the global financial crisis. Ted explains why those experiences led him to question conventional asset allocation and embrace technical analysis, combining systematic models with discretionary swing trading to better manage risk and client behavior. 

The conversation centers on his book, "Evidence‑Based Investing," which aims to clearly explain why many accepted academic assumptions fail in real markets and why process matters more than predictions. Technical analysis works because it focuses on observable market behavior, not explanations, and provides practical tools for navigating inevitable market cycles.

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.

Learn more at: www.cmtassociation.org

In episode 62 of Fill the Gap, hosts Tyler Wood, CMT and Dave Lundgren, CMT, CFA interview Keith Lerner, CMT, CFA, the CIO and Chief Market Strategist at Truist Advisory Services, about his “weight of the evidence” investment framework, which integrates history, economics, fundamentals, and technical analysis to guide portfolio decisions. 

Lerner explains how technical analysis serves as a critical accountability tool that can challenge narratives, force humility, and prompt timely portfolio adjustments when market data diverges from expectations. He discusses how the relative importance of different signals changes across market cycles, noting periods—such as sharp volatility events—when technicals deserve greater weight due to uncertainty in fundamentals or macro outcomes.

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.

Learn more at: www.cmtassociation.org

In this episode of Fill the Gap, hosts Tyler Wood, CMT and Dave Lundgren, CMT, CFA speak with veteran trader and educator Brian Shannon, CMT about his swing‑trading approach and the evolution of the Anchored VWAP indicator. Brian explains how Anchored VWAP helps identify who is in control of a market, and why it offers objective insight into market psychology. He gives incredible insight into the creation of the Anchored VWAP, and how he uses it in his analysis. The conversation also covers why Brian favors swing trading over day trading, highlighting the importance of process, risk management, and emotional discipline. Overall, the episode reinforces the idea that price is the most reliable truth in markets and that thoughtful, flexible use of technical tools can improve decision‑making across timeframes and asset classes.

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.

Learn more at: www.cmtassociation.org

This episode of Fill the Gap features Damanick Dantes, CMT, who discusses his adaptive, quantitative approach to portfolio management, emphasizing the importance of trend, momentum, and dispersion across global asset classes. Damanick shares insights from his entrepreneurial journey, including lessons learned at Babson College and experiences at firms like Fidelity and CoinDesk, which shaped his global perspective and investment philosophy. The conversation explores how his firm dynamically adjusts allocations—such as rotating between Bitcoin and gold—based on evolving correlations and volatility, while stress-testing models to suit different client needs. 

We also discuss the challenges of investor education, the importance of clear communication, and the value of building strong client relationships rooted in discipline and transparency. Finally, we touch on current market themes, including global equity rotation, commodity trends, fixed income strategies, and the impact of central bank cycles, all within the context of maintaining a robust, rules-based investment process.

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.

Learn more at: www.cmtassociation.org

This episode of Fill the Gap features Javier Pineda, CMT, an institutional portfolio manager and author, discussing how technical analysis applies to cryptocurrency markets and the evolution of crypto as an asset class. Javier explains the importance of understanding cycles in Bitcoin, including halving events, bull and bear markets, and the concept of dominance, while noting that institutional adoption and macroeconomic factors now play a larger role than before.

The conversation covers the challenges of aggregating volume and pricing data across decentralized and centralized exchanges, as well as the risks and opportunities in altcoins, emphasizing the need to focus on robust projects with strong communities. Finally, Javier addresses concerns about quantum computing threatening blockchain security, reassuring listeners that current technology is far from capable of breaking Bitcoin’s cryptography and that future upgrades can further enhance security.

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.

Learn more at: www.cmtassociation.org

In this episode of Fill the Gap, Julius de Kempenaer, CMT shares the story behind the creation of the Relative Rotation Graph (RRG), a data visualization tool that revolutionized how investors analyze relative strength and momentum across sectors and asset classes. 

The conversation highlights the importance of not just identifying what to buy, but also knowing what to remove from a portfolio to avoid underperformance. We also discuss the significance of portfolio weighting versus equal weighting when benchmarking performance. The episode concludes with reflections on the ongoing need for education in technical analysis and Julius’s personal journey to finally completing his CMT designation after decades in the industry.

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.

Learn more at: www.cmtassociation.org