Intermarket Analysis

1energy1 · November 23, 2009

I have recently finished reading Brett Steenbarger's excellent book "Daily Trading Coach" He mentioned that social interaction with like minded traders plays a vital role in a individuals learning curve. With that in mind I have decided to create this thread so dedicated traders could discuss intermarket analysis. Every one is welcome and the main objective is to create a place where intelligent discussion can help facilitate learning for all.

brownsfan019 · November 23, 2009

That's a pretty broad topic. IMO if you want serious interaction as some threads get, you need to 1) start it going yourself and 2) provide concrete examples with screenshots.

See this thread for an example of a thread on fire as the result of the OP getting it going.

1energy1 · November 23, 2009

Thank you for your advice. I plan on posting my thoughts on the issue once a day around market close. I will post charts and a few words on each asset class. The aim of it all is to help cement these patterns in my head and maybe learn some new perspectives and insights.

1energy1 · November 23, 2009

23-Nov-2009

Fundamental Review

Theme: Risk Acceptance

Currencies: The dollar and yen dropped against all of the other major currencies.

Dollar: Risk Accpetance

Yen: Risk Accpetance

Cross Currencies: Risk Accpetance

Equities: “It all adds up to very dovish comments from policy makers indicating that there’s really no threat of government programs abating any time soon. It’s a very favorable environment to take risk and that could push stocks even higher.”

S&P: Risk Accpetance

DJIA: Risk Accpetance

Eurostoxx50: Risk Accpetance

Dax: Risk Accpetance

Interest Rates: Treasuries were little changed after the U.S. sold a record-tying $44 billion of two-year debt at the lowest yield ever

5yr: Trend of risk accpetance early in session. Change in sentiment as day progressed. Alignment of equites, rates and commodities.

2yr: Trend of risk accpetance early in session. Indecision as day progressed.

Commodities: Crude oil rose as a weaker dollar heightened the appeal of commodities to investors. Oil climbed as much as 3.2 percent and gold reached a record as the greenback dropped on speculation the Federal Reserve will keep its stimulus measures in place and ensure interest rates remain at virtually zero.

Crude: Trend of risk accpetance early in session. Change in sentiment as day progressed. Alignment of equites, rates and commodities.

Gold: Trend of risk accpetance early in session. Change in sentiment as day progressed. Alignment of equites, rates and commodities.

Silver: Trend of risk accpetance early in session. Change in sentiment as day progressed. Alignment of equites, rates and commodities.

Tactical Review

My line of thought is that markets are in a defined range. No real change is sentiment has taken place today. This opens up some nice trade ideas for the week. I will be looking to sell risk assets at the top of the range upon price action confirmation. I still have not received such confirmation. My initial targets are to fill the gap in equity markets such as eurostoxx50 and S&P futures pit session.