Intermarket Technical Analysis Trading Strategies for the Global 1 potx

... (cloth) 1. Investment analysis. 2. Portfolio management. I. Title. II. Series. HG4529.M86 19 91 332.6-dc20 90-48567 Printed in the United States of America 20 19 18 17 16 15 14 13 Contents Preface v 1 ... Markets 12 2 9 Stock Market Groups 14 9 10 The Dow Utilities as a Leading Indicator of Stocks 17 3 11 Relative-Strength Analysis of Commodities 18 6 12 Commodities...

Ngày tải lên: 20/06/2014, 20:20

... by the trend of the U.S. dollar. Therefore, we begin our intermarket analysis with the dollar. The path to take is from the dollar to the commodity markets, then from the commodity markets to the ... turns in the CRB Index at the 19 85 bottom and the 19 87 top. (Gold also led the downturn in the CRB Index in 19 80.) The 19 85 bottom in gold was more than a...

Ngày tải lên: 20/06/2014, 20:20

... led at the 19 86 bottom, while the Foodstuffs led at the 19 88 peak. THE JOC INDEX AND RAW INDUSTRIALS 10 1 FIGURE 7 .1 A COMPARISON OF THE CRB FUTURES INDEX AND THE CRB SPOT INDEX FROM 19 87 TO 19 89. ... stocks outperform gold by a wide margin (19 80 to 19 85 and 19 88 through the first half of 19 89). During periods of rising inflation (the 19 70s and the period...

Ngày tải lên: 20/06/2014, 20:20

... pushed the U.S. wholesale inflation rate for 19 89 up to 4.8 percent, the highest inflation number since 19 81. The major culprit behind the surge in the GLOBAL INTEREST RATES 13 9 FIGURE 8 .17 THE ... out of the six with an average lead time of eight months. The two times when the CRB Index lagged turns in the CPI Index (19 77 and THE CRB INDEX VERSUS THE PPI A...

Ngày tải lên: 20/06/2014, 20:20

... IN THE CRB INDEX. THE MID -19 88 PEAK IN THE CRB HELPED LAUNCH THE S&L RALLY. THE PEAK IN THE S&Ls IN THE AUTUMN OF 19 89 COINCIDED WITH THE BREAKING OF A DOWN TRENIHINE BY THE CRB ... shoulder") in the CRB Index in the spring of 19 87 coincides with the middle peak (the head) in the S&Ls. The "right shoulder" in the S&...

Ngày tải lên: 20/06/2014, 20:20

... 10 5.40 Gold 10 3.27 Lumber 10 4.40 Cattle 10 3.04* Sugar 10 4.34 Cocoa 10 2.03* Heating oil 10 3 .11 Corn 10 1. 61* Cattle 10 2.79 Cotton 10 1.23* Porkbellies 99.59 Gasoline 10 0.59 Corn 99 .13 Soy. oil 10 0.40* ... Commodity (last 10 0 days) Lumber 10 5.70* Orange juice 14 4.34 Orange juice 10 5.62 Crude oil 11 2.24 Platinum 10 5.59* Gasoline 11 1.39 Crude oil 10 5.36...

Ngày tải lên: 20/06/2014, 20:20

... $10 0 INVESTMENT IN EACH CLASS DURING EACH TIME PERIOD) 19 60 -19 88 19 65 -19 88 19 70 -19 88 19 75 -19 88 19 80 -19 88 19 85 -19 88 Govt. Bonds 442.52 423. 21 423.58 314 .16 288.87 13 2.79 Corp. Bonds 580. 21 4 81. 04 452.70 338.23 300.58 13 2.32 U.S. Stocks 14 28. 41 766.78 650.69 555.69 289.27 14 5.62 CRB Index 11 75.26 974.70 787.97 336.47 15 3.68 12 8 .13 ... stocks...

Ngày tải lên: 20/06/2014, 20:20

... understood and the least appreciated of the four 244 THE MYTH OF PROGRAM TRADING -11 :07 A.M CBT Jun T-bonds break to 92 18 /32 11 :07 A.M— US stock index futures slide as T-bonds drop — 11 :10 A.M— ... weaken around 10 :15 . Both markets also bottomed together just after 11 :00 (along with the dollar). The plunge in the bond market around 11 :00 was partially caus...

Ngày tải lên: 20/06/2014, 20:20

... by the trend of the U.S. dollar. Therefore, we begin our intermarket analysis with the dollar. The path to take is from the dollar to the commodity markets, then from the commodity markets to the ... turns in the CRB Index at the 19 85 bottom and the 19 87 top. (Gold also led the downturn in the CRB Index in 19 80.) The 19 85 bottom in gold was more than a...

Ngày tải lên: 20/06/2014, 23:20

... led at the 19 86 bottom, while the Foodstuffs led at the 19 88 peak. THE JOC INDEX AND RAW INDUSTRIALS 10 1 FIGURE 7 .1 A COMPARISON OF THE CRB FUTURES INDEX AND THE CRB SPOT INDEX FROM 19 87 TO 19 89. ... back to the beginning of the decade, the dollar bottomed in 19 80, two years before the 19 82 bottom in stocks. In 19 88 and 19 89 the dollar and stocks rose...

Ngày tải lên: 20/06/2014, 23:20