Tuesday, August 25, 2009

Tracking Intermarket Themes With Barchart.com

Here's a nice, quick way to track intermarket themes; major props to the excellent Barchart site for these futures market heat maps. Above is the heat map for 12:50 PM CT and then the map from an hour later. The map shows how major asset classes are moving relative to one another; by tracking the map over time, you can see which groups are receiving buying and selling interest.

Note how stocks are range bound today and how we see very little in the way of directional intermarket themes on the day. Oil is down, stocks retraced earlier strength, the dollar and interest rates are little changed, and--overall--there's not much volatility to the numbers. This is one excellent tell for a range day: if correlated markets aren't trending, stocks often won't find distinctive buying or selling interest.


asaf said...

Great site to track some Longer term trends in different markets http://finviz.com/groups.ashx?g=sector&v=310&o=name thanks for your feedback

diego said...

I think energies and industrial metals are in double top patter with potential of reversal while precious metals are available for a run upwards.

Softs might dance with the dollar in the sense that coffee is kind of depressed, orange juice does not know what to do, and sugar is in backwardation.

Equities and bonds will close the ballgame, as usual.

Gro said...

As mentioned in the first comment I also like FinViz a lot for its S&P 500 map. You generally get the information of the current trend (ternd up, trend down, mixed) in seconds. Really useful map ( http://finviz.com/map.ashx for the S&P ; http://finviz.com/map.ashx?t=sec_all for more stocks).