Intermarket Analysis

Quote from dandxg:

Murray does TS run the analysis for you? Can it crunch the numbers and tell you the coefficient?

I do all of my intermarket analysis in TradersStudio. The product comes with a simple intermarket system shell and we sell a more advance one at a nominal price.
 
Quote from Rabbitone:

Murray,

One area I have been interested in the last few years is the international relationship of intermarket analysis. For example:

Libor Rates (e.g. overnight, 1 month) to NYSE Financial Index
Marine Shipping Index to Asia Index (e.g.CBOE China)

There are plenty of domestic relationships. But I have seen few international. If you are aware of any I would appreciate hearing about them.

Thank you,

P.S. In my 41st year of testing programs.


Do you have historical data for the Marine Shipping Index ?.
 
Quote from gnome:

Being a 20+ year "trading the markets veteran", my view.... (A) intermarket analysis is bogus, and (b) if you consider ANYTHING except *price* in the market you seek to trade, you will hurt your overall performance.
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Excellant points;
& when I get paid by the word, tend not to be that brief[a,b,c-LOL] That's wisdom.

c] Notable exceptions include , for example when say [most]all the general markets are in a long term, medium term ,short term downtrend;
but grocery store/land buyers.... simply know some things others do not know . So shorts[bears] could get creamed there only considering price.....:cool:
 
Quote from murray t turtle:

==========================
Excellant points;
& when I get paid by the word, tend not to be that brief[a,b,c-LOL] That's wisdom.

c] Notable exceptions include , for example when say [most]all the general markets are in a long term, medium term ,short term downtrend;
but grocery store/land buyers.... simply know some things others do not know . So shorts[bears] could get creamed there only considering price.....:cool:

I have intermarket systems I have developed and using the same parameters have been profitable for a decade or more. I even published these systems so I have proof they have worked without any changes.
 
Quote from Murray Ruggiero:

I have intermarket systems I have developed and using the same parameters have been profitable for a decade or more. I even published these systems so I have proof they have worked without any changes.

Given a set of strategies, some will work over time, some won't. There's no probitive value to saying there exist strategies that have worked for X years. What's critical is, would all the strategies, traded in their entirety, have worked?

Not meant in any way as a criticism -- just hoping that any disclosure would be of <i>all</i> strategies traded over time, including both the winners and losers. In other words, a survivor-bias free set of results.
 
I understand your point and you are correct in some ways but not exactly. All intermarket relationships are not the same. Some are more reliable than others. Those will continue to work , but some short term ones might not. It's kind of like saying all systems don't work because a bunch of moving average ones failed.

The key is to understand why they stopped working. Here one example; if your using a given mutual fund as an intermarket and the manager changes and the fund stop working because it all of a sudden has 40% international chemical stocks for example instead of only 10% and 90% domestic, then that a valid reason and should not be used to evaluate intermarket analysis.
 
Quote from Murray Ruggiero:

I understand your point and you are correct in some ways but not exactly. All intermarket relationships are not the same. Some are more reliable than others. Those will continue to work , but some short term ones might not. It's kind of like saying all systems don't work because a bunch of moving average ones failed.

The key is to understand why they stopped working. Here one example; if your using a given mutual fund as an intermarket and the manager changes and the fund stop working because it all of a sudden has 40% international chemical stocks for example instead of only 10% and 90% domestic, then that a valid reason and should not be used to evaluate intermarket analysis.

I don't disagree with any of that, but I think we're ships in the night on this one. I'm talking about, anyone who's traded systematically over time will be able to point to some systems that were consistent winners <i>even if</i> in aggregate he lost money trading over the period. What matters is the composite trackrecord, not whether selected systems worked.
 
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