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Strategies & Market Trends : Trading futures based on intermarket trends
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To: fut_trade who started this subject3/25/2002 8:48:11 AM
From: Murray Grummitt  Read Replies (3) of 73
 
"If the bond market rallied yesterday, a rally in the stock market is encouraged the following day. Lower interest rates push the stock market up in the very short term"

I looked at the TYX & TNX vs. the SPX & COMP the following day. I found in the last 200 days there were 9 occurrences where the TNX was <-2% & >-3% they yielded a average return of -.456% in the SPX the following day. There were 2 occurrences where the TNX was <-3% & >-4% and they yielded an average return of 1.11% in the SPX the following day. There was 1 occurrence of -4.75% on Sept. 17th and the SPX returned -0.58% on the 18th and was still 4 trading days from the bottom. I fail to see this to be a reliable indicator unless you are using it in conjunction with other indicators.
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