Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: d:oug who wrote (2258)	2/5/2002 1:20:00 AM
From: Dave Gore	Read Replies (1) of 16631

Doug, the Toronto exchange is great for junior oil and gas and metals plays, no question. In our market there are dozens of indexes for various sectors. By watching them closely each morning, you can get an idea of where most of the big money is being put to work. Each one of these sectors (like the semiconductor or the retail sector have a 3 letter designation typically) SOX = semiconductor sector XAL = airline sector DRG = drug sector BTK = biotech sector etc, etc. The DOW refers to the Dow Jones Industrial Average (DJIA) which is composed of 50 large cap stocks, I believe, that make up that tracking index. The Nasdaq Index is composed of 100 stocks as I recall - a mixture of tech, biotech, etc. Obviously both the Dow and Nasdaq averages are only a representation, as they do not represent all the stocks that trade. For example if we say the DOW is up 40 points, it means that those 50 stocks are up 40 points. PS - If I'm wrong about the number of stocks in those indices maybe someone can correct me.

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