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is a trading philosophy that examines the relationships between different asset classes —specifically stocks , bonds , commodities , and currencies —to determine the overall health of the market and identify high-probability trade setups. Core Philosophy
AI responses may include mistakes. For financial advice, consult a professional. Learn more Intermarket Technical Analysis: Trading Strateg...
Commodities are a primary gauge for inflation . If commodity prices spike, inflation expectations rise, causing bond prices to fall (and yields to rise). is a trading philosophy that examines the relationships
If the S&P 500 hits a new high but 10-Year Treasury prices are crashing (yields spiking), it may signal a "bull trap," suggesting the stock rally is unsustainable. Learn more Commodities are a primary gauge for inflation
Traditional technical analysis focuses on a single chart in a vacuum. Intermarket analysis argues that no market moves alone. By understanding how capital flows between sectors (e.g., when bond prices fall, yields rise, which often pressures gold and stocks), a trader can get a "macro" confirmation of a "micro" technical signal. The Four Pillars of Intermarket Relationships
Using a leading indicator (like Copper, often called "Dr. Copper" for its ability to predict economic health) to confirm a trend in industrial or manufacturing stocks. Why It Matters
Since most commodities are priced in USD, they share an inverse relationship . When the dollar strengthens, commodities like Gold and Oil typically face downward pressure.