Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets (Wiley Finance) [Hardcover]

John J. Murphy (Author)

Book Description

Publication Date: March 1, 1991 | Series: Wiley Finance (Book 6)

Trying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows--very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You'll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace.

Editorial Reviews

From the Publisher

Trying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows--very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You'll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace.

Product Details

• Hardcover: 282 pages
• Publisher: Wiley; 1 edition (March 1, 1991)
• Language: English
• ISBN-10: 0471524336
• ISBN-13: 978-0471524335
• Product Dimensions: 10.2 x 7.4 x 1 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #461,401 in Books (See Top 100 in Books)

More About the Author

John J. Murphy is a former technical analyst for CNBC and has over forty years of market experience. He is the face of StockCharts.com, which provides financial information to online investors via technical analysis tools. Murphy has appeared on Bloomberg TV, CNN's Moneyline, Nightly Business Report, and Wall $treet Week with Louis Rukeyser. In 1992, he was given the first award for outstanding contribution to global technical analysis by the International Federation of Technical Analysts, and was the recipient of the 2002 Market Technicians Association Annual Award. In addition to the First Edition of The Visual Investor, he is also author of Intermarket Technical Analysis and Intermarket Analysis, 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.

Customer Reviews

Most Helpful Customer Reviews

30 of 30 people found the following review helpful:

5.0 out of 5 stars A true technical analysis classic, April 28, 2000

By A Customer

This review is from: Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets (Wiley Finance) (Hardcover)

There is very little information out there on Intermarket analysis (see Martin Pring's "All Season Investor" and Murray Ruggiero "Cybernetic Trading Strategies" among the few to offer info in this niche). Turns out the Intermarket form of technical analysis is among the most important in analyzing the economy and the various links between financial sectors. It's a key to deciphering the intermediate and longer term trends (& with Ruggiero, possibly short term trends). Amazingly, nearly all high paid economists and many financial market analysts get it wrong, but the markets collectively don't by definition. (You can't trade an economist, there is no "economic futures index", and the economists generally aren't traders since they don't know how.) Once you have the basics of technical analysis under your belt, this book is a pivotal and necessary step forward in an education towards deciphering the increasingly interrelated worldwide financial markets. A must read, but only for the serious investor. Too complicated and difficult to use for the dilettante. I wish John would do a "year 2000" update just to freshen up the charts, but the basic relationships haven't changed much and the lessons are still totally valid.

39 of 41 people found the following review helpful:

5.0 out of 5 stars An in-depth look at market sectors and how they interact, May 23, 2000

By 

Ruth Henriquez Lyon (Duluth, Minnesota USA) - See all my reviews
(VINE VOICE)    (REAL NAME)   

Amazon Verified Purchase

This review is from: Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets (Wiley Finance) (Hardcover)

In this book John Murphy explains the interactions of the four major market sectors mentioned in the book's title. He structures his analyses around the concept of the business cycle, the recurring boom and bust loop which the economy has gone through over the past two centuries. Showing how the four major sectors (as well as other economic factors) interact in feedback loops to drive the business cycle, he gives us the information we need to see what stage of the cycle we're currently experiencing and where we're headed. Knowing this we can better decide where to park our assets in the short and medium-term future. His outline of the various stages of the business cycle is very helpful, even though it's a rough guide. For instance, although gold does not seem to have played its assigned role in this scheme, it is clear that commodities did bottom in the third quarter of last year, signaling that a market top would follow in the not-too-distant future. Thus, even though the stock market is a dynamic system and cannot be exactly predicted, there are patterns that take a huge amount of guesswork out of charting one's way through it. This book thoroughly explores those patterns and provides the investor/trader a solid support for making financial decisions.

17 of 19 people found the following review helpful:

5.0 out of 5 stars THIS BOOK WILL EXPLAIN YOU HOW MARKETS REALLY WORK, September 23, 1999

By A Customer

This review is from: Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets (Wiley Finance) (Hardcover)

This is the best book you can find in advanced technical analisys. Together with John's book "Technical analisys of futures markets" and the Schwager on Futures series is a "must" for whoever wants to start in Futures Trading. This book is so logical that it is incredible! Reading it and testing its theory you will discover the way the markets work. As a Futures trader is the book that has helped more than any other one my way of trading (That seems quite succesfully at the moment!). As a Member of IFTA (International Federation of Technical Analisys) is the book that I find more logical, because IT HAS A REAL LINK WITH THE MACROECONOMIC ENVIRONMENT, AND EXPLAIN IT IN A SIMPLER AND FUNNIER WAY! The book is not supereasy to understand, even if it has been written in a very good way. Buon Trading!