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Inter Market Analysis

Inter market analysis is a series of articles studying related segments of the market to identify lead lags between trends in each segment. This can often forewarn you of impending changes in trend and allow for planning of required action based on it. For example midcaps v/s large caps, currencies v/s commodities and US markets v/s European markets and so on. In a global environment inter-market relationships are not restricted to a country but between countries and their respective asset classes as well.

Facebook

Facebook - a 5 wave advance maybe complete with the channel. 

facebook

Amazon

Amazon sold off from the upper end of the channel after wave 5 and is below both the averages.

amazon

Walt Disney

Still more to go on this chart of Walt Disney. The big producer has formed a triangle in wave 4 and wave 5 started. Wave 5 could extend all the way to the upper end of the channel before it is done. Meaning 200$ odd from 109 today. Wave 2 of 5 just completed wave 3 of 5 should unfold. This view would change only if prices break below the rising channel and then the 5th wave is truncated but mostly it should hold for now.

walt-disney-300717

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