Intermarket Analysis – SPX, And Other Indices

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• Intermarket Analysis
• SPX, and other Indices

• Intermarket Analysis
• Author Hari Swaminathan

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About OptionTiger

• A previous post discussed a divergence between
  the SPX and the intermarket analysis, and in
  particular the TNX which is the 10-year Interest
  rate index. This video studies the divergence
  between the 4 major indices SPX, NDX, RUT and
  the DJIA.
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• This post is taken from a situation in 2014, but
  its a great example to show the divergences in
  Intermarket analysis, and how that gap generally
  closes in.

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About OptionTiger

• The RUT is clearly in correction territory and
  is down about 10. The Nasdaq (NDX) which was
  also down close to 10 has recovered about half
  that loss and is down about 5. The SPX and the
  DJIA is at all-time highs, or close to it.
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• Obviously, this is quite a large divergence
  between the major indices, and once again the
  conclusion is something has to give. Either the
  RUT and NDX have to move up to catch up to the
  other two or the SPX and DJIA have to come
  down. Given that were seeing a divergence in the
  Bond markets also, perhaps this is a bit more
  evidence that a correction could be underway.

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About OptionTiger

• Watch the video below for a detailed discussion
  on Intermarket analysis.

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