Trading with intermarket analysis : a visual approach to beating the financial markets using exchange-traded funds / John J. Murphy.

Format:

• Book

Author/Creator:

• Murphy, John J.

Series:

• Wiley trading series.
• Wiley trading series

Language:

English

Subjects (All):

• Investment analysis.
• Exchange traded funds.
• Stocks.

Physical Description:

1 online resource (xii, 234 p. ) col. ill.

Edition:

1st edition

Place of Publication:

Hoboken, N.J. : John Wiley & Sons, c2013.

System Details:

text file

Summary:

• This is a visual guide to market trading using intermarket analysis and exchange-traded funds. Here, 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.
• 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. 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 keeping an eye on interest rates, currencies, and gold. In this valuable new book, the master of technical analysis teaches all of us how to monitor and profit from intermarket relationships." -Dr. ALEXANDER ELDER , author of Trading for a Living, www.elder.com "Murphy's basic premise is that a trader's analysis needs to extend beyond the market itself to also encompass interrelationships with other markets-a broader perspective that is essential not only in understanding the big picture but also in providing valuable early warning signs through lead-lag relationships. The best part of Trading with Intermarket Analysis is that these critical market interactions are vividly illustrated with more than 150 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. One lesson I have learned from interviewing market wizards is that intermarket price action provides essential trading clues. In this context, Murphy's book offers traders a valuable resource and idea repository." -JACK SCHWAGER , author of Market Wizards and the Schwager on Futures book series "In today's lightning-fast, interconnected global markets, savvy traders capitalize and profit on intermarket movements. Murphy's new book shows traders how to read the charts and understand intermarket dynamics in an easy-to-understand visual fashion. Learn how to utilize ETFs to trade and profit off these key market drivers. Long a friend to the TraderPlanet.com community, Murphy once again shines with his latest must-read book for all traders." -LANE J. MENDELSOHN , founder, TraderPlanet.com

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

Notes:

• Formerly CIP.
• Includes index.

ISBN:

• 9781118421581
• 1118421582

OCLC:

951425053