Description
Book SynopsisA visual guide to market trading using intermarket analysis and exchange-traded funds With global markets and asset classes growing even more interconnected, intermarket analysisthe analysis of related asset classes or financial markets to determine their strengths and weaknesseshas 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
Table of Contents
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
