Murphy Trading with Intermarket Analysis

A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds
1. Auflage 2012
ISBN: 978-1-118-42158-1
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 256 Seiten, E-Book

Reihe: Wiley Trading Series

A visual guide to market trading using intermarket analysis andexchange-traded funds
With global markets and asset classes growing even moreinterconnected, intermarket analysis--the analysis of relatedasset classes or financial markets to determine their strengths andweaknesses--has become an essential part of any trader's duediligence. In Trading with Intermarket Analysis, John J.Murphy, former technical analyst for CNBC, lays out the technicaland intermarket tools needed to understand global markets andillustrates how they help traders profit in volatile climates usingexchange-traded funds.
Armed with a knowledge of how economic forces impact variousmarkets and financial sectors, investors and traders can profit byexploiting opportunities in markets about to rise and avoidingthose poised to fall. Trading with Intermarket Analysisprovides advice on trend following, chart patterns, movingaverages, oscillators, spotting tops and bottoms, usingexchange-traded funds, tracking market sectors, and the new worldof intermarket relationships, all presented in a highly visualway.
* Gives readers a visually rich introduction to the world ofintermarket analysis, the ultimate tool for beating themarkets
* Provides practical advice on trend following, chart patterns,moving averages, oscillators, spotting tops and bottoms, usingexchange-traded funds, tracking market sectors, and intermarketrelationships
* Includes appendices on Japanese candlesticks andpoint-and-figure charting
Comprehensive and easy-to-use, Trading with IntermarketAnalysis presents the most important concepts related to usingexchange-traded funds to beat the markets in a visually accessibleformat.

Autoren/Hrsg.

Murphy, John J.

Inhaltsverzeichnis

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

Über Autor(innen)

John J. Murphy is a former technical analyst for CNBC and has over forty years of market experience. He is senior writer for StockCharts.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.