Murphy, John J. Intermarket technical analysis: trading strategies for the global stock, bond, commodity, and currency markets /. John J. Murphy. p. cm. — (Wiley . 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. The following is a summary of our recent interview with market technician John Murphy, which can be accessed on our site here or on iTunes.

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We currently see stocks at record levels and interest rates are starting to rise. Although once viewed with skepticism, intermarket analysis has now become an accepted part of technical market analysis.

Rate-sensitive stocks such as jogn have done poorly, on the other hand. Conditions Right Now We currently see stocks at record levels and interest rates are starting to rise. This marked a decoupling between stocks and bonds that would last for many years.

Gunawan Fitrianto rated it really liked it Dec 20, Relationships between markets stocks, bonds, jojn, commodities including gold and market sectors unfortunately only up to We also saw a sharp drop in the dollar. Murphy’s Intermarket Analysis is truly the most efficient and unambiguous way to define economic and fundamental relationships as they unfold in the market.

John Murphy on Intermarket Analysis and the Sequence of Market Peaks

Instead of looking at financial markets or asset classes on an individual basis, it looks at several strongly correlated markets or asset classes–most often, stocks, bonds, commodities, and currencies.


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Very simple to follow. Stocks can also benefit from a decline in commodity prices because this reduces the costs for raw materials. Not all commodities are created equal.

Learn how to utilize ETFs to trade and profit off these key market drivers. In this valuable new book, the master of technical analysis teaches all of us how to monitor and profit from intermarket relationships. This updated version provides even more lessons from the past, plus fresh insights on current market trends. This should include, the Analgsis title sand the specific johhn of the content you wish to re-use e. It would be silly to trade stocks without keeping an eye on interest rates, currencies, and gold.

Intermarket Analysis

Visit our Beautiful Books page and find lovely books for intermadket, photography lovers and more. Long a friend to the TraderPlanet.

While these intermarket relationships generally work over longer periods of time, they are subject jhn draw-downs or periods when the relationships do not work. Rahul S rated it really liked it Oct 12, Skip to main content. Murphy is a former technical analyst for CNBC and has over forty years of market experience.

Trading with Intermarket Analysis [Book]

Colwes rated it really liked it Oct 17, Hardcoverpages. It simply means that the inflationary forces are stronger than the deflationary inyermarket. Intermarket analysis is a valuable tool for long-term or medium-term analysis.

This is also true for industrial metals, which are less susceptible to these supply shocks. Stocks rallied, but when the dollar dropped inttermarket with bond yields, we saw a tremendous surge of money into gold, Murphy noted.


Big events, such as the US Financial crisis, can throw certain relationships out of whack for a few months. There will come a point in the cycle where rising commodity prices trigger inflation, and the Fed will get aggressive, he stated.

John Murphy on Intermarket Analysis and the Sequence of Market Peaks | Financial Sense

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.

Big deflationary events continued as the Nasdaq bubble burst inanzlysis housing bubble burst inand the financial crisis hit in Bonds benefit from a decline in commodity prices because this reduces inflationary pressures.

Shifting from Paper to Hard Assets Furthermore, the techniques shown in this article should be used in conjunction with other technical analysis techniques. 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.

Not just take this and apply it to every new situation in the future and the same thing will happen over and over again. Countries with strong economies and strong balance sheets have stronger mhrphy.