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. 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.
John J. Murphy is an American financial market analyst and is considered to be the Father of Inter-market Analysis. He received an award for outstanding contribution to global technical analysis by the International Federation of Technical Analysts.
Enjoyable and instructive, full of graphics and clear conclusions, the kind of book I would come back again time to time. Same conclusion like his 1990 work with the same title, but with some changes such as bond and stock becoming negatively correlated now. Despite of the clarity of the conclusion, sometimes causation is not clear enough. Furthermore, correlations change sometimes depending on government policy and inflationary/deflationary situations. In summary, careful intermarket analysis is required.
A book on an aspect of technical analysis, suitable for those who do not require much of explaination. As TA itself, a lot of subjective idea needs to be examined. Lay somewhere btw 3-4 stars.