Follow The Leader
By Marc Dupée
Which stocks will most likely lead to the upside and lead the Nasdaq in the
short-term once an inevitable bounce back from new two-year lows occurs? One
effective way of determining this is to find Nadaq heavy weights that are holding up relatively better against the sell-off-at-lows
and watch how they respond, to the index they represent. As
the Nasdaq 100
(
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JDS Uniphase
(
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and Oracle
(
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PowerRating) are each resisting the undercut of
their recent lows,
showing strength relative to the Nasdaq 100. Watch these two heavy-weight
(
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PowerRating) components for
leadership when the market turns.
