最新的CMT Association CMT-Level-II免費考試真題

問題1

Which of the following is NOT a valid volume interpretation technique?

A. Utilize statistical techniques to predict prices based on volume

B. Remove low volume periods

C. Construct volume moving averages

D. Remove volume associated with large price moves

正確答案: D

問題2

What percentage of return should be earned if you have $100 in the capital and sustain a 20% loss to return to the break-even level of $100?

A. Return 30 percent to the $80 to return to the $100 break-even level

B. Return 25 percent to the $80 to return to the $100 break-even level

C. Return 30 percent to the $70 to return to the $100 break-even level

D. Return 25 percent to the $70 to return to the $100 break-even level

正確答案: B

問題3

___________ is used for comparing the long-term performance of one system against another.

A. Treynor Ratio

B. Calmar ratio

C. Sharpe Ratio

D. Beta

正確答案: B

問題4

Prior to a market top, what would one expect to see in a VIX reading?

A. An overbought VIX level, given an increase in long term S&P futures contracts.

B. An oversold VIX level, given a decrease in long term S&P futures contracts.

C. Increasing VIX levels, as more investors are adding protective measures

D. Generally low VIX levels, as there is often complacency among traders prior to tops

正確答案: D

問題5

Which of the following factors would increase the predictive power of an engulfing pattern?

A. There is heavy volume on the first day of the engulfing pattern

B. None of the above

C. The pattern appears after a consolidation pattern

D. The first day has a very long real body and the second day has a very short real body

正確答案: B

問題6

Which of the following is true of the separating lines pattern?

A. The opening price of the second candle equals the opening price of the first candle

B. The two candles have the same color

C. It is a reversal pattern

D. The top of the upper shadow of one candle is at the same price as the bottom of the lower shadow of the other candle

正確答案: A

問題7

Paul Jones is a chemical industry research analyst for a large brokerage company. That industry is currently seeing an increase in mergers and acquisitions. While flying through Chicago, Jones sees several senior officers who she knows are from the largest and fourth largest chemical companies walk into a conference room. She concludes that negotiations for an acquisition might be taking place. Jones:

A. should inform her compliance officer that she has material nonpublic information on firms she covers.

B. may not act or cause others to act on this information.

C. may not act but advise others to act on this information.

D. may use this information to support an investment recommendation.

正確答案: D

問題8

Kai Wong, CFA, is concerned about the activities of several of his coworkers and feels legal violations are routinely overlooked. According to the Code and Standards, a recommended first step would least likely be to:

A. take legal counsel

B. contact industry regulators

C. review the company's policies and procedures for reporting ethical violations.

D. provide her supervisor with a copy of the Code and Standards.

正確答案: B

問題9

Which of the following is true of Wilder's Parabolic System?

A. It is a time/price reversal system

B. It only works for trending markets

C. It always in the market

D. All of the above

正確答案: D

問題10

__________ is a perception bias that arises when you are attempting to take a guess at something about which you have limited information.

A. Saliency

B. Framing

C. Sunk-cost

D. Anchoring

正確答案: D

問題11

Which of the following is NOT true of the rising and falling three methods patterns?

A. They are continuation patterns

B. The pattern consists of a single candle

C. The final day is another long candle of the opposite color of the three preceding small candles

D. It starts with a long candle is followed by three short candles of the opposite color

正確答案: B

問題12

A trend based trading system where the trend is the slope of a straight line found using a least squares regression:

A. Linear regression slope

B. Simple moving average

C. Point and figure

D. N-day breakout

正確答案: A

問題13

Which of the following must every MTA Member and Affiliate comply with?

A. MTA By-laws

B. MTA Constitution

C. All of the above

D. Rules promulgated by the MTA Board of Governors

正確答案: C

最新的CMT Association CMT Level II - CMT-Level-II免費考試真題

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