CMT Association CMT-Level-II 問題集

質問 1：
Which of the following is a component of the Code of Ethics?
CFA Institute members shall:
A. use reasonable care and exercise independent professional judgment.
B. use particular care in determining applicable fiduciary duty.
C. maintain and improve the competence of other investment professionals.
D. practice and encourage others to practice in a professional and an ethical manner.
正解：D

質問 2：
Which of the following is true of contrary opinion as a technical analysis technique?
A. Once all long positions have been set, there is diminishing influence by the bulls
B. Contrary opinion can be used as the sole decision source in entering into new trading positions
C. Contrary opinion is more useful in deciding when to exit positions than as a timing tool
D. Contrarians trade against the consensus even when it is within a normal range
正解：A

質問 3：
Interpret price action in the chart below, combined with takeaways from the SPX New High-New Low index:
A. Confirmation between price action and indicator; the ongoing pullback can be bought.
B. Divergence between price action and indicator; can initiate shorts at current levels.
C. Can initiate long positions at current price level; breadth bottomed out at the same level as the pullback in October 2014.
D. Divergence between price action and indicator; suggests exiting of long positions.
正解：D

質問 4：
If 300 shares traded at a certain price which of the following conclusions cant be drawn from this given situation?
A. Traders could determine the support
B. Traders would record four bars at that price
C. Traders could determine the price at which supply and demand were equalized
D. Traders could determine the resistance zones
正解：B

質問 5：
Which of the following MUST be adhered to in published or written analytical reports?
A. Statements must be consistent with the accumulated knowledge of technical analysis
B. Statements must be consistent with available evidence
C. Statements may not indefensibly disparage the work of other analysts
D. All of the above
正解：D

質問 6：
Which of the following is an INCORRECT statement regarding the inverted hammer pattern?
A. It has the same form as the shooting star pattern
B. It comes at the end of a market downtrend
C. The color of the real body is of utmost importance to its significance
D. It is a bottom reversal signa
正解：C

質問 7：
When analyzing macro trends, which of the following indicators can provide an insight into the intensity of bullish or bearish camps?
A. New High/New Low index
B. Slope of the 200 day moving average
C. Accumulation/Distribution
D. On-balance volume
正解：A

質問 8：
Which of the following is NOT a proper interpretation of volume and trend in the futures markets?
A. Volume falling and open interest falling = congestion phase
B. Volume rising and open interest falling = position liquidation
C. Volume falling and open interest rising = slow accumulation
D. Volume rising and open interest rising = trend reversal
正解：D

質問 9：
Which of the following statement states the correct percentage of the percentage gain on a loss of 50 percent?
A. It requires an 80% gain to break even
B. It requires a 70% gain to break even
C. It requires a 100% gain to break even
D. It requires a 90% gain to break even
正解：D