Not Understanding the Markets Is Like Driving at Night Without Lights
Sometimes it’s not enough to just look at a stock, its sector, and the overall market. Also knowing how the sector relates to the other sectors is helpful. Then matching that to the economic indicators and intermarket ratios gives you an advantage by knowing more of what is going on.
Ichimoku is Amazing at Intermarket Ratios, Sector Rotation, and Economic Indicators
Finally, have a firm understanding of the environment that the stock market is operating in. Taking a step back and viewing the bigger picture can help you determine the sentiment of emotions that go into the trading decisions of market participants.