I would like feedback from you and other experienced day traders of stock. I am currently trading the S&P Futures (SPOO). I am attempting to put together a quote page in QCharts that will list a series of stocks and indices that I can use to keep abreast of the market. One look should be able to tell me everything that I need to know. Specifically, it should tell me where the money is moving to (or not). Here is the list I came up with. I hope you and other can provide me feedback to see if I have correctly chosen the stocks and sectors that best represent this current market.
For the indices, I follow the DJIA, DJTA, S&P 500, and NASDAQ Composite, and the NASDAQ 100. Also for stocks, I look at the bellweathers MSFT, INTC, CSCO, ORCL, and AOL. For the representative sample of the Internet leadership, I look at YHOO, AMZN, QCOM, CMGI, and EXDS. I may be out of date here with respect to the Internet leadership, so please correct me if you know of better choices for this ongoing rally. For bellweathers of the market itself, due to its tech bias, I look at IBM, GE, T, and LU. I am open to suggestions for additional market bellweathers. For sectors, I look at the Computer Technology, the Internets (DOT), Biotechs, Financials, and the Cyclics. Finally, for use specifically with my future related trading, I look at the long bond, the dollar, and the CRB index. I am thinking of adding crude oil to this list.
Any comments?
Thank you!
Bob Graham |
