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1energy1

Intermarket Analysis

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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.

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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.

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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.

usdx.png.27a9cb6c86e50e55b3bf5f9cf17151fd.png

eur.png.7316d8f5d3d63f530060b7a52624d1d1.png

eurjpy.png.5d46039027d1b48d3a0aad7420e81b00.png

audjpy.png.0d02e09d125c415e757343985d0b18bf.png

es.png.bc04f2cf058b672730f86a9946173cb4.png

5aa70f67c5cbe_esday.png.17a9a78287411a845c8e4068dc5c7e89.png

stoxx.png.f47298cc6234e26e52af5b578ae61e34.png

dax.png.5f6a4e8171f4451262f1161e3cc942cb.png

2yr.png.4f54cd82934882e74ba5e4de14171996.png

5yr.png.12bd692738e050e292098a26d51d513b.png

crude.png.a5d86b387e53adb2a0e65d720ed83379.png

gold.png.41317ef4a1a11f83017f060b2deef1f1.png

silver.png.04995edff49743cb44ba6249796d18fc.png

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