CMT Association CMT-Level-II 問題集

質問 1：
Which of the following would BEST improve the profitability of a trend-based trading system?
A. Utilize support and resistance lines
B. Increase the delay in taking action after a trade signal is given
C. Use of additional trend periods
D. Utilize candlestick charts instead of bar charts
正解：B

質問 2：
A trend based trading system where the trend is the slope of a straight line found using a least squares regression:
A. Point and figure
B. Linear regression slope
C. Simple moving average
D. N-day breakout
正解：B

質問 3：
Which of the following are true of futures volume and open interest?
A. Rising prices and declining volume/open interest indicate a pending change of direction
B. Open interest increases during a trending period
C. Volume may decline but open interest builds during an accumulation phase
D. All of the above
正解：D

質問 4：
Which of the following is a CORRECT usage of oscillators in technical analysis?
A. When an oscillator crosses the zero line, it provides an important trading signal in the direction of the trend
B. Divergences between price and oscillators are important confirmation signals
C. Oscillators are least useful when they reach an extreme reading near the upper or lower ends of their boundaries
D. All of the above
正解：A

質問 5：
Which of the following is a CORRECT usage of an oscillator constructed using two moving averages?
A. To pinpoint the crossing of two moving averages
B. To help identify long-term variations from the short-term trend
C. To spot confirmations between technical indicators
D. All of the above
正解：A

質問 6：
How might one detrend data to determine if a cycle exists?
A. Divide the current prices by a moving average of those prices
B. Create an oscillator that plots a standard deviation of the period lows
C. Apply volume weighting to both high and lows in the data
D. Plot a linear regression line through the data midpoin
正解：A

質問 7：
Which of the following is NOT true of the Relative Strength Index
A. It uses all the price values in a time period
B. It is scaled from 0 to 100
C. It is more volatile than simple measures of momentum
D. It is frequently used to determine overbought and oversold levels
正解：C

質問 8：
Which one of the following most accurately describes the CFA Institute Standard about using material nonpublic information?
A. An analyst may use nonmaterial nonpublic information as long as it has been developed under the Mosaic Theory.
B. An analyst may use material nonpublic information as long as it is for his personal use.
C. An analyst may use material nonpublic information if it is legal in his country to do so.
D. An analyst cannot use nonmaterial nonpublic information.
正解：A

質問 9：
________ is calculated by finding the probability of loss of the current market positions based on past market movements.
A. Potential Risk
B. Hindenburg Omen
C. Value at Risk
D. Treynor ratio
正解：C