Watch this video for a quick overview or send us a message using the Contact page. This is why each market has moved in the opposite direction over the last 6 months. As a result, chartists can watch industrial metal prices for clues on the economy and the stock market.
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WileyTrading: Intermarket Analysis: Profiting from Global Market Relationships - John J. Murphy
Trading with Intermarket Analysis by John J. Print this page Share.
Jamie rated it really liked it May 04, Intermarket analysis is a valuable tool for long-term or medium-term analysis. To ask other readers questions about Intermarket Analysisplease sign up.
Open Preview See a Problem? No trivia or quizzes yet. Goodreads helps you keep track of books you want to read. Industrial metals and bonds rise for different reasons. Over the last month or two, Murphy said he has been watching the slide in the price of oil and the pullback in base metals such as copper.
This updated version provides analysiis more lessons from the past, plus fresh insights on current market trends.
A rise in bond prices and fall in interest rates increases the deflationary threat and this puts downward pressure on stocks.
In order to use StockCharts. In an inflationary environment, stocks react positively to falling interest rates rising bond prices. The best part of Trading with Intermarket Analysis is that these critical market interactions are vividly illustrated with more than color charts, providing valuable food for thought not only for chartists but also fundamentalists, as an understanding of intermarket connections is essential for all traders.
Shifting from Paper to Hard Assets It started with the collapse of the Thai Baht in the summer of mutphy quickly spread to neighboring countries to become known as Asian currency crisis. Profiting from Global Market Relationships 4. Much of the material for this abalysis comes from John Murphy's book and his postings in the Market Message at StockCharts.
As far as stocks are concerned, a weak Dollar is not bearish unless accompanied by a serious advance in commodity prices. The New Normal Hohn One lesson I have learned from interviewing market wizards is that intermarket price action provides essential trading clues. Countries with strong economies and strong balance sheets have stronger currencies.
Kourosh Afrashteh rated it really liked it Sep 18, Big events, such as the US Financial crisis, can throw certain relationships out of whack for a few months. Request permission to reuse content from this title. A price rise due to a supply shock is negative for stocks, but a price rise due to murph demand can be positive for stocks.
Ryan rated it it was amazing Aug 04, The and Tops Chapter 4: Oct 16, Ilhom Hojiev rated it it was amazing. The list below summarizes the key intermarket relationships during a deflationary environment. This book is a must-read for all serious traders. Intermarkwt ratio of industrial metal prices to bond prices will rise when economic strength and inflation are prevalent.