Intermarket Technical Analysis - Trading Strategies doc

Intermarket Technical Analysis - Trading Strategies docx

... interrelationshipbetween stocks, bonds, commodities, and currencies Intermarket Technical Analysis explores the art and science of technical analysis at its state-of-the-art level. It's for all traders and investors ... step in technical analysis. Intermarket work builds on existing technical theory and adds another step tothe analytical process. Later in this chapter, I'll discuss why technical analysis is ... THATSUMMER.Long-Term Interest Rates versus the Dollar1988 and 1989SHORT-TERM RATES VERSUS LONG-TERM RATESFigure 6.5 compares short- and long-term rates from 1985 to 1989. The chart showsthat long-term...

Intermarket Technical Analysis - Trading Strategies doc

... rate.THE "THREE-STEPS-AND-A-STUMBLE" RULEAnother manifestation of the relationship between interest rates and stocks is theso-called "three-steps-and-a-stumble rule." This ... concept of technical analysis isnow evolving to take these intermarket relationships into consideration. Intermarket technical analysis refers to the application of technical analysis to these intermarket linkages.The ... interrelationshipbetween stocks, bonds, commodities, and currencies Intermarket Technical Analysis explores the art and science of technical analysis at its state-of-the-art level. It's for all traders and investors...

Intermarket Technical Analysis Trading Strategies for the Global_5 docx

... economic measures, the same princi-ples of intermarket analysis that have been used on a domestic level can be appliedon a global scale. I'll show why these global intermarket comparisons suggested ... CONSUMERPRICE INDEX (CPI-W) AND THE PRODUCER PRICE INDEX (PPI) FROM 1971 TO 1987. (SOURCE:CRB INDEX WHITE PAPER: AN INVESTIGATION INTO NON-TRADITIONAL TRADING APPLICA-TIONS FOR CRB INDEX FUTURES, ... bankers had raised their discount rate three timesin succession, activating the "three-steps-and-a-stumble" rule, which was discussedin Chapter 4). The chart on the lower right shows...

Intermarket Technical Analysis Trading Strategies for the Global_8 docx

... BONDS, EQUITIES, AND COMMODI-TIES (ASSUMING A $100 INVESTMENT IN EACH CLASSDURING EACH TIME PERIOD)196 0-1 988196 5-1 988197 0-1 988197 5-1 988198 0-1 988198 5-1 988Govt.Bonds442.52423.21423.58314.16288.87132.79Corp.Bonds580.21481.04452.70338.23300.58132.32U.S.Stocks1428.41766.78650.69555.69289.27145.62CRBIndex1175.26974.70787.97336.47153.68128.13 ... THE RELATIVE-STRENGTH RANKINGS AND SELLING CANDIDATES NEAR THE TOP OF THERANKINGS.CRB Index versus Copper-100 daysBy applying relative-strength analysis to the commodity markets, technical tradersare ... alone.CRB IndexTreasury Bond Futures226 INTERMARKET ANALYSIS AND THE BUSINESS CYCLESome understanding of the business cycle (together with intermarket analysis ofbonds, stocks, and commodities)...

Intermarket Technical Analysis Trading Strategies for the Global_9 docx

... be to summarize what intermarket analysis is and to show why this type of analysis represents a new and necessarydirection in technical work. INTERMARKET TECHNICAL ANALYSIS- A MORE OUTWARD FOCUSAs ... should be taken into consideration.• Technical analysis is the preferred vehicle for intermarket work.• Intermarket analysis adds a new dimension to technical analysis. • The four key sectors are ... cause of stockmarket trends on a day-to-day and minute-by-minute basis, and shows that what isoften attributed to program trading is usually a manifestation of intermarket linkagesat work. This...

Intermarket Technical Analysis Trading Strategies for the Global_1 potx

... concept of technical analysis isnow evolving to take these intermarket relationships into consideration. Intermarket technical analysis refers to the application of technical analysis to these intermarket linkages.The ... a Committee of Publishers.Library of Congress Cataloging-in-Publication DataMurphy, John J. Intermarket technical analysis: trading strategies for the global stock, bond, commodity, and currency ... fromknowledge of how intermarket relationships work.IMPLICATIONS FOR TECHNICAL ANALYSIS Technical analysis has always had an inward focus. Emphasis was placed on a par-ticular market to which...

Intermarket Technical Analysis Trading Strategies for the Global_3 pptx

... THATSUMMER.Long-Term Interest Rates versus the Dollar1988 and 1989SHORT-TERM RATES VERSUS LONG-TERM RATESFigure 6.5 compares short- and long-term rates from 1985 to 1989. The chart showsthat long-term ... 6.5LONG-TERM VERSUS SHORT-TERM INTEREST RATES FROM 1982 TO 1989. LONG-TERM RATESARE USUALLY HIGHER THAN SHORT-TERM RATES. WHEN SHORT-TERM RATES ARE DROPPINGFASTER THAN LONG-TERM ... to movements inshort-term rates than to long-term rates. Long term-rates are more sensitive to longerrange inflationary expectations. The interplay between short- and long-term rates alsoholds...

Intermarket Technical Analysis Trading Strategies for the Global_4 ppt

... performing intermarket analysis is not todo economic analysis, but to aid analysts in making trading decisions. The perti-nent question is which of the two commodity indexes fit into the intermarket ... dollar re-acts more to changes in short-term interest rates than to long-term rates. It explainswhy T-bill and the dollar often trend in opposite directions. During periods of mone-tary tightness, ... 1989 saw a sharp drop in T-bill futures, reflectinga sharp rise in short-term rates. A strong inverse relationship between T-bill futuresand the dollar existed for that 12-month span. This also...

Intermarket Technical Analysis Trading Strategies for the Global_6 pdf

... DIMENSION IN DIVERGENCE ANALYSIS What these charts show is that a technical analysis of the price of crude oil canshed light on prospects for oil-related stocks. At the same time, analysis of oil sharesoften ... 151gold mining shares. A technical analysis of one without the other is unwise andunnecessary. The accompanying charts show why.One of the key premises of intermarket analysis is the need to ... relationship between the price of oil and oil shares. Todo a complete technical analysis of one, it is necessary to do a technical analysis ofthe other.Figures 9.8 and 9.9 compare the price of crude...

Intermarket Technical Analysis Trading Strategies for the Global_7 pptx

... incorporate this information into their overall trading plans.RATIO ANALYSIS Ratio analysis is generally employed in relative-strength analysis. (Relative-strength analysis in this context refers to the ... advantages to the use of relative-strength analysis as a tech-nical trading tool. First, another confirming technical indicator is created on the pricechart. If technical traders see a breakout ... by CRB lndex-100 DaysRelative Ratio of April Gold Divided by the CRB lndex-100 Days188 RELATIVE-STRENGTH ANALYSIS OF COMMODITIESThis study will be using time spans of 25 and 100 trading days...

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