Intermarket Relative Strength Analysis Report For The Week Starting 8/11/19

in neoxian •  last month 


Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.



The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in US dollars.  Thus, the asset classes relative strength will be compared to the US Dollar.

Bitcoin

30 Yr Bond

Copper

Euro Dollar

Gold

Oil

Soybeans

S&P 500

Based on the moving averages and the last daily closing price, relative to the moving averages,

the asset classes' relative strength, relative to the US Dollar are the following:

Two Weeks Ago


This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.


Published by Rolland Thomas
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https://mentormarket.io/strategy/rollandthomas/intermarket-relative-strength-analysis-report-for-the-week-starting-8-11-19/


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Love seeing Gold on fire! Amazing to see an all time low on 30 year bond yields as it signals a very low “risk free” rate of return for the future. Tough to really thinking of buying an asset to hold for 30 years for that yield!

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More to come for Gold, I know the basics of bonds would love to dive deeper into that world due to its sheer size.

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