Free CMT Association CMT-Level-II Exam Questions

Become CMT Association Certified with updated CMT-Level-II exam questions and correct answers

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Total 179 Questions | Updated On: Dec 16, 2025

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Question 1

Which of the following are true of the concepts of divergence and confirmation in technical analysis

A : They are opposite concepts

B : Confirmation has a valid technical interpretation but in the case of divergence, no valid conclusion can be drawn

C : Confirmation indicates a likely change in trend since all technical indicators are in agreement

D : Divergence indicates continuation in trend since different technical indicators do not agree

Answer: A

Question 2

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

A : 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

B : The opening price of the second candle equals the opening price of the first candle

C : The two candles have the same color

D : It is a reversal pattern

Answer: B

Question 3

Which of the following is the BEST volume indicator for analysis of futures trading?

A : Open interest

B : Contract volume

C : Total volume

D : Breadth

Answer: C

Question 4

According to Charles Dow, what has been the main downfall of Wall Street investors?

A : Independent thinking

B : Failure to stay the course

C : Pride of opinion

D : Failure to abide by classic trading rules

Answer: C

Question 5

According to the MTA Code of Ethics, what prohibitions MUST be adhered to after making a buy or sell recommendation?

A : Allow adequate time for clients to act on recommendations before the analyst acts on the recommendation

B : Analysts must give clients and their employer adequate time to trade, but the analyst-s family members are under no such restriction

C : Analysts may effect trades for their own account even if their employer has not had time to act on their recommendation

D : Insider trading activity is the subject of SEC regulations, therefore the MTA Code of Ethics is silent on this issue

Answer: A

Page: 1 / 36

Total 179 Questions | Updated On: Dec 16, 2025

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