A visual guide to market trading using intermarket analysis and
exchange-traded funds
With global markets and asset classes growing even more
interconnected, intermarket analysis–the analysis of related
asset classes or financial markets to determine their strengths and
weaknesses–has become an essential part of any trader’s due
diligence. In Trading with Intermarket Analysis, John J.
Murphy, former technical analyst for CNBC, lays out the technical
and intermarket tools needed to understand global markets and
illustrates how they help traders profit in volatile climates using
exchange-traded funds.
Armed with a knowledge of how economic forces impact various
markets and financial sectors, investors and traders can profit by
exploiting opportunities in markets about to rise and avoiding
those poised to fall. Trading with Intermarket Analysis
provides advice on trend following, chart patterns, moving
averages, oscillators, spotting tops and bottoms, using
exchange-traded funds, tracking market sectors, and the new world
of intermarket relationships, all presented in a highly visual
way.
* Gives readers a visually rich introduction to the world of
intermarket analysis, the ultimate tool for beating the
markets
* Provides practical advice on trend following, chart patterns,
moving averages, oscillators, spotting tops and bottoms, using
exchange-traded funds, tracking market sectors, and intermarket
relationships
* Includes appendices on Japanese candlesticks and
point-and-figure charting
Comprehensive and easy-to-use, Trading with Intermarket
Analysis presents the most important concepts related to using
exchange-traded funds to beat the markets in a visually accessible
format.
قائمة المحتويات
Acknowledgments ix
Introduction xi
Part I The Old Normal 1
Chapter 1 Intermarket Analysis: The Study of Relationships 3
Chapter 2 Review of the Old Normal 15
Chapter 3 The 1997-1998 Asian Currency Crisis 25
Part II The 2000 and 2007 Tops 35
Chapter 4 Intermarket Events Surrounding the 2000 Top 37
Chapter 5 The 2002 Falling Dollar Boosts Commodities 47
Chapter 6 Asset Allocation Rotations Leading to the 2007 Top 59
Chapter 7 Visual Analysis of the 2007 Market Top 73
Part III The Business Cycle and ETFs 89
Chapter 8 Intermarket Analysis and the Business Cycle 91
Chapter 9 The Impact of the Business Cycle on Market Sectors 105
Chapter 10 Exchange-Traded Funds 123
Part IV The New Normal 129
Chapter 11 The Dollar and Commodities Trend in Opposite Directions 131
Chapter 12 Stocks and Commodities Become Highly Correlated 145
Chapter 13 Stocks and the Dollar 161
Chapter 14 The Link between Bonds and Stocks 179
Chapter 15 The Link between Bonds and Commodities 197
Conclusion: It’s All about Relationships 215
About the Author 227
Index 229
عن المؤلف
John J. Murphy is a former technical analyst for CNBC and has over forty years of market experience. He is senior writer for Stock Charts.com, a website that specializes in financial charts and technical analysis education. Murphy has appeared on Bloomberg TV, CNN, FOX, and the Nightly Business Report, and has been widely quoted in several other media outlets. In 1992, he was given the first award for outstanding contribution to global technical analysis by the International Federation of Technical Analysts, and received a lifetime achievement award from the same organization in 2014. He is a recipient of the Market Technicians Annual Award. In addition to two previous books on intermarket analysis, he also authored two editions of The Visual Investor, all of which are published by Wiley. He also authored Technical Analysis of the Financial Markets. Murphy has a bachelor of arts in economics and a master of business administration from Fordham University. He currently lives in New Jersey.