Murphy, John J. Intermarket technical analysis: trading strategies for the global stock, bond, commodity, and currency markets /. John J. Murphy. p. cm. — (Wiley . In his classic book Trading with Intermarket Analysis, John Murphy notes that chartists can use these relationships to identify the stage of the business cycle and. Praise for Trading with Intermarket Analysis “John Murphy makes it absolutely clear that all markets are interrelated. It would be silly to trade stocks without.

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Today, this type of holistic thinking is much more commonplace but when Murphy first laid it out years ago, such interrelationships were not well understood. Goodreads is the world’s largest site for readers with over 50 million reviews.

Heston rated it liked it Sep 09, Murphy’s ana,ysis book shows traders how muprhy read the charts and understand intermarket dynamics in an easy-to-understand visual fashion. Though the Fed raised rates, the statement was viewed as more dovish than what people were expecting, which led to a sharp drop in bond yields.

A weak Ahalysis acts an economic stimulus by making US exports more competitive. This benefits large multinational stocks that derive a large portion of their sales overseas. You will receive an email when this happens.

Intermarket Analysis: Profiting from Global Market Relationships by John J. Murphy

Description 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 murpy of any trader’s due diligence. Countries with weak economies and big debt burdens are subject to weaker currencies.


And normally, a commodity bottom will coincide with a bond peak. Quantitative Trading Ernie Chan.

He dissects the global relationships between equities, bonds, currencies, and commodities like no one else can, and lays out an irrefutable case for intermarket analysis in plain English. While the Dollar and currency markets are part of intermarket analysis, the Dollar is analysia bit of a wildcard. Thinking Globally Appendix Index Stocks fell sharply, Treasury bonds rose sharply, and US interest rates declined.

FS Staff Financial Sense.

The Energy World is Flat: In his classic book Trading with Intermarket AnalysisJohn Murphy notes that chartists can use these relationships to identify the stage of the business cycle and improve their forecasting abilities. This Print-on-Demand format will be printed specifically to fill your order.

Intermarket Analysis: Profiting from Global Market Relationships

As far as stocks are concerned, a weak Dollar is not bearish unless accompanied by a serious advance in commodity prices. In this valuable new book, the master of technical analysis teaches all of us how to monitor and profit from intermarket relationships.

Kourosh Afrashteh rated it inyermarket liked it Sep 18, We currently itermarket stocks at record levels and interest rates are starting to rise. We hope you enjoy the new experience.


Intermarket analysis is a valuable tool for long-term or medium-term analysis. This is also true for industrial metals, which are less inrermarket to these supply shocks. J rated it it was amazing Nov 02, X To apply for permission please send your request to permissions wiley. In particular, oil is prone to supply shocks. Skip to main content. As a daily practitioner of intermarket analysis, I thought I knew most aspects of this invaluable subject, but this book gave me several new ideas.

Ryan rated it it was amazing Aug 04, A price rise due to a supply shock is negative for stocks, but a price rise due to rising demand can be positive for stocks. Refresh and try again. He has over 30 years of market experience and is author of several best-selling books, including Technical Analysis of the Financial Marketswhich is widely regarded as the standard reference in the field.

This means they both move in the same direction. We have changed payment processors, so any existing renewals will need to be re-subscribed after expiration.