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Understanding market condition - How to identify stock leaders?
Hi All,
I need some help from the pros:
When checking the market conditions and directions for the day, I understand that noting the behavior of individual stock market leaders is very crucial aside from Price & Volume of the Major Indexes.
Question 1:
What method would I use to determine the the Top 10+ Leading Stocks in the market? Would this be a fundamental scan with some other tool or would you begin tracking the stocks listed making New Highs and New-Lows from the section in IBD daily publication (since I subscribe to that and you may as well) that get listed each day? Would it be ideal to use the first 10 out of the IBD 100? I am looking for a quick and efficient way to identify these and begin tracking them. I am very interested to hear how you identify these yourself.
Question 2:
What Industry Groups Should Lead in particular market conditions?
a. What Industry Groups (Top 10 on your list) would you want to see leading a bull market or which would indicate a healthy market?
b. What Industry Groups (Top 10 on your list) do you NOT want to see leading the market at any time? especially when the Media says it is a bull market but you know the wrong groups are popping up to the front?
c. What Industry Groups (Top 10 on your list) tend to lead in a bear market?
Thanks for any assitance and information,
Steven Mac
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