Site Meter The Lawyer Trader: Today's Market Leaders

Friday, October 9, 2009

Today's Market Leaders

Keep an eye on these four individual stocks...they are certainly some of the market leaders that the rest of the market tends to follow. Bottom line, if the market is moving higher, these stocks need to be moving higher also and, more importantly, if these guys start moving lower, watch out! The four to watch: AAPL, AMZN, GOOG and GS. Here are the daily charts: What's there to say about AAPL besides...it's one of the strongest and most innovative companies out there and the market loves it...thus, we need to watch it.America's retailer...this is the new economy and Amazon is where it's at.Google rules the world right now...period.King of the club is "Goldman." As I heard on Bloomberg radio the other morning..."Where Goldman goes, so goes the market."

There are other important market leaders and some etfs, such as the emerging markets funds, that are helpful for gauging risk appetite but these four stocks are worth watching closely.These four alone will offer clues and insight about the market...look to them for upside confirmations and watch them for warnings of market vulnerabilities. The warning signs will be very significant because if and when this market makes a move lower, it will be swift.

Have a great weekend!

TLT

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