Leaders Doing Their Job, Leading
Posted on Wed 21st Nov, 2007 03:54:06 PM
With the market having another wishy washy day today, I found it interesting to see the leaders holding up with for the most part gains on the day.
Who are the leaders? Your leaders are Google (GOOG), Apple (AAPL), Potash Corp (POT), Baidu.com (BIDU), First Solar (FSLR), Research in Motion (RIMM), and even Chipotle (CMG) could be thrown into that mix.
And how are they doing today?
- GOOG, +2.23%
- AAPL, +0.24%
- POT, 3.57%
- BIDU, -1.17%
- FSLR, +3.83%
- RIMM, +1.27
- CMG, -0.80%
Some of the past leaders that have arguably broken down include Dryships (DRYS), Mcdermott (MDR), and National Oilwell Varco (NOV). One stock I think has strong potential to make a comeback is Blue Coat Systems (BCSI), the stock had a heavy accumulation gap up yesterday and is technically a buy above $40.
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I think you could include DE Deere in your leader group. Agriculture ETF’s such as DBA in uptrend. Jim Rogers likes commodities especially Agriculture.