#61 - Technical Analysis, Trend Following, and Risk Management with Frank Cappelleri, Founder, CappThesis (recorded 02/11/26)

In this episode of The Bull of Wall Street, Talley Leger and Jim Worden are joined by Frank Cappelleri, founder of CappThesis, for a technical-analysis focused discussion centered on chart patterns, trend identification, and practical risk management. Frank shares his background, including early experience alongside technical analysis pioneers and later work with institutional trading desks. He describes how his process emphasizes classical chart patterns, relative strength, and an effort to reduce bias by focusing on what price action is doing rather than what a symbol or narrative “should” do. The conversation also covers how Frank thinks about market environments, why certain indicators may work better in some periods than others, and how he thinks advisors and active investors can approach position sizing and stop discipline in more volatile conditions. What You’ll LearnHow Frank’s approach uses classical chart patterns as the foundation for trend analysisWhy frank believes relative strength and “what is working” can matter more than narrativesHow Frank frames risk first, including stop discipline and position sizingWhy “time corrections” and “price corrections” can look different in practiceWhat Frank looks for before acting on potential reversals in silver and bitcoinWhy indicators can behave differently depending on the market environmentHow advisors can use technical frameworks as a way to organize risk discussions Chapters02:10 The origin of CappThesis and what differentiates Frank’s approach03:35 Early influences, industry group relative strength, and “riding what works”07:02 Trend following, classical patterns, and how uptrends often build over time08:50 Changes in how technical analysis is perceived and used today11:22 Why risk management and price discipline are central to the process13:00 Stop discipline, volatility adjustments, and position sizing considerations14:23 S&P 500 discussion, zones, and the role of market leadership16:16 Consolidations, “time corrections,” and the psychology of ranges20:20 Trading boxes, support and resistance, and different ways to visualize structure23:42 Software versus semiconductors divergence and what it may imply28:30 Long-term relative support and why timeframe context can matter41:05 Silver uptrends, moving averages, and what to watch in a pullback47:20 Bitcoin patterns, retracements, and correlation observations50:26 Base-building versus early entry and how Frank approaches patience55:01 Market structure considerations and why large flows can influence moves58:43 ETFs, options, and how short-term dynamics can impact price action GuestFrank Cappelleri, Founder, CappThesis SpeakersTalley Leger, Chief Market Strategist, The Wealth Consulting GroupJim Worden, CFA, CMT, CAIA, Chief Investment Officer, The Wealth Consulting Group Follow usLinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup  The Bull of Wall Street features advisor-focused conversations intended to support professional learning and thoughtful discussion. Subscribe for additional episodes and updates. Subscribe at bit.ly/wealthcgMaking Life Better at The Wealth Consulting Group