Intermarket Analysis: Profiting from Global Market Relationships (Wiley Trading)

Product Details

"John Murphy has done it again. 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. This book is a must-read for all serious traders."
Louis B. Mendelsohn, creator of VantagePoint Intermarket Analysis software

"John Murphys Intermarket Analysis should be on the desk of every trader and investor if they want to be positioned in the right markets at the right time."
Thom Hartle, President, Market Analytics, Inc.

"This book is full of valuable information. As a daily practitioner of intermarket analysis, I thought I knew most aspects of this invaluable subject, but this book gave me several new ideas. I thoroughly recommend it for beginners and professionals."
Martin Pring, President of Pring.com and editor of the Intermarket Review Newsletter

"Mr. Murphys Intermarket Analysis is truly the most efficient and unambiguous way to define economic and fundamental relationships as they unfold in the market. It cuts through all of the conflicting economic news/views expressed each day to provide a clear picture of the here and now in the global marketplace."
Dennis Hynes, Managing Director, R. W. Pressprich

"Master Murphy is back with the quintessential look at intermarket analysis. The complex relationships among financial instruments have never been more important, and this book brings it all into focus. This is an essential read for all investors."
Andrew Bekoff, Technical Strategist, VDM NYSE Specialists

"John Murphy is a legend in technical analysis, and a master at explaining precisely how the major markets impact each other. This updated version provides even more lessons from the past, plus fresh insights on current market trends."
Price Headley, BigTrends.com, author of Big Trends in Trading

Product Reviews

(5 stars) - INTERMARKET ANALYSIS
I should have bought this book and the 1st one when they came out. Kept thinking they where not for me, as I day trade. But after I put this information into my thinking ,"themes" came to my trading like the oil air line trade,
or a better understandxing of the gold trade, when it should show up eg switch from deflation to inflation.
Or the us dollars affect on the market.

Also every kid in school should get these books. You understand why you have a job, when you have to move for work.
It is not your fault that your industry is laying off people, and what you should do about it. They sector pyramid
lays out a time line that makes sense. One you can follow the daily news with, and have a keen understanding.

(3 stars) - Plainly Introduced
Intermarket Analysis is a bridge between TA and economics.
Simply and clearly written, the subject is expounded. There
are sufficient charts except for the last 3 chapters or so. Sam
Stovall's sector rotation is of particularinterest to me.

The idea can be repetitive but I do not mind it. The reasons
are firstly, itmakesreading easier (no need to flip back to
pprevious chapters) and secondly, it reinforces key ideas.

I have 2 questions. How high is hyperinflation and how low
constitutes deflation?

(3 stars) - Description of what happened during past decades
Any economist would consider markets related, often in very complex manner. This book takes up these theme and presents a lot of examples mainly from the 90s and onwards. The descriptions have an ad hoc feel to them. One is left wondering "so what?". In my view all this descriptive content has to lead up to some kind of useful theory for trading. Or at least an approach. This is unfortunately totally lacking. If markets are interrelated the easist way to show that is through correlation analysis. That is very crude but would be a beginning. The author could have provided past correlations in different periods so that the reader gets an understanding of what the relationships are and how they might change.

A lot of proprietary research is done in this area. Unfortunately it is not published and this book is probably the best available, for that reason I give it 3 starts. But once other books appearing this book can be passed over.

I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.

(3 stars) - Good book detailing the relationship between stocks, bonds, commodities and fx
Good book for beginners who will like to know the intermarket relationship between the 4 markets under different scenarios - inflation, deflation etc.

Through analysis of scenarios 1930s to 2000s were provided with various charts supporting the points.

Relationship between the different sectors in stock under the economic cycle were also given.

Sort of like an economics thesis rearranged nicely and combined with trading and investment pointers.

Will recommend this book to beginners who like a basic fundamental understanding of the relationship between the different markets.

(4 stars) - An important book on an overlooked topic
This is a very important book because the author does an outstanding job of explaining intermarket relationships in a very readable manner. I studied economics in college and finance in grad school and I didn't think I learned enough about how the financial markets actually work until I read this book. This book blends the two topics in an easy-to-understand manner. I definitely recommend it.

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