CMT Association CMT-Level-II Actual Free Exam Questions & Community Discussion

Exam Code/Number: CMT-Level-II
Exam Name/Title: CMT Level II Exam
Certification Provider: CMT Association
Corresponding Certification: CMT Program

Exam Questions: 264
Updated On: Jul 15, 2026

Question #106

Which of the following is true for the use of the chi square test?

A. Compares actual returns to expected returns

B. Compares risk to expected returns

C. Used as the main confirmation test in Dow Theory

D. Signals moving average crossovers

Discussion 0

Correct Answer: A Vote an answer

Question #107

Which of the following is a true statement according to Elliott Wave Theory?

A. Triangles are usually second waves preceding a longer third wave

B. In the stock market, wave 5 is the most common to extend

C. The Pythagorean theorem is the mathematical basis for Elliott Wave Theory

D. Waves can be expanded into longer waves and subdivided into shorter waves

Discussion 0

Correct Answer: D Vote an answer

Question #108

When small cap stocks have abnormal strength, this can be attributed to the:

A. The January Effect

B. The January Barometer

C. Kondratieff K-Wave

D. Hindenburg Omen

Discussion 0

Correct Answer: A Vote an answer

Question #109

A trend based trading system where signals occur when the current price reaches a new high or low:

A. N-day breakout

B. Point and figure

C. Swing breakout

D. Simple moving average

Discussion 0

Correct Answer: C Vote an answer

Question #110

What position does the MTA take on plagiarism?

A. Other analysts work can be copied with permission in advance

B. Analysts can never copy other analysts work

C. If the author of the original work is deceased, this work cannot be copied since permission cannot be obtained

D. Research reports which are not direct copies but use substantially the same language as other analysts work would be permissible

Discussion 0

Correct Answer: A Vote an answer

Question #111

Which of the following is a component of the Code of Ethics?
CFA Institute members shall:

A. maintain and improve the competence of other investment professionals.

B. use reasonable care and exercise independent professional judgment.

C. use particular care in determining applicable fiduciary duty.

D. practice and encourage others to practice in a professional and an ethical manner.

Discussion 0

Correct Answer: D Vote an answer

Question #112

Which of the following graphical representation is used to plot a single statistic?

A. Bar charts

B. Candlestick charts

C. Point-and-figure charts

D. Line charts

Discussion 0

Correct Answer: D Vote an answer

Question #113

The strength and direction of the relationship between two markets is measured by:

A. moving Average.

B. spread.

C. correlation coefficient.

D. regression.

Discussion 0

Correct Answer: C Vote an answer

Question #114

Which market tends to have the GREATEST amount of volatility?

A. Currencies

B. Eurodollars

C. Equities

D. Bonds

Discussion 0

Correct Answer: C Vote an answer

Question #115

Which of the following figures can not be plotted on a point and figure chart when we have to plot months and years together? Choose the best possible answer.

A. The month is displayed at the bottom of the column and the number of the year is plotted instead of the X or O

B. The year is displayed at the bottom of the column and the number of the month is plotted instead of the X or O

C. The year is displayed at the bottom of the column and the month is not plotted

D. The month is displayed at the bottom of the column and the year is not plotted

Discussion 0

Correct Answer: B Vote an answer

Question #116

ALL of the following are standard patterns used with 3-Box reversal point and figure charts, EXCEPT:

A. Triple Top or Triple Bottom

B. Bullish or Bearish Triangle

C. Double Top or Double Bottom

D. Bullish or Bearish Fulcrum

Discussion 0

Correct Answer: D Vote an answer

Question #117

Which of the following would provide the least help to a trader who is trying to determine where to place a stop order?

A. Pivot Point Technique

B. ATR

C. Parabolic SAR

D. TRIN

Discussion 0

Correct Answer: D Vote an answer

Question #118

What trading decision must a trader make based purely on trend line in the chart below?

A. Close out long positions

B. Hold long positions

C. Close out short positions

D. Trading decisions cannot be made by using trend lines.

Discussion 0

Correct Answer: B Vote an answer

Question #119

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 could determine the price at which supply and demand were equalized

C. Traders could determine the resistance zones

D. Traders would record four bars at that price

Discussion 0

Correct Answer: D Vote an answer

Question #120

Which of the following is true of volume and open interest?

A. Increasing volume and open interest suggest the trend will continue

B. Declining volume and open interest suggest the trend will continue

C. Volume is not used in futures, only open interest

D. Contract volume and total open interest are used in bonds

Discussion 0

Correct Answer: A Vote an answer

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