I'm still digging trying to get all the data on the HFX,
you may find this interesting about the Naz 100
wght. totals
MSFT Microsoft Corporation 24.46 24.46
INTC Intel Corporation 11.88 36.34
CSCO Cisco Systems, Inc. 8.79 45.13
DELL Dell Computer 5.54 50.67
WCOM WorldCom, Inc. 4.63 55.3
The first five stocks make up over 55% of the Naz 100. <G>
Big players who work the NDX options know they can skew the
index with these 5 stocks. Like a 1pt move in MSFT will
alter the NDX almost to a power of 6 compared to a 1pt
move in wcom.
-----------
And here are the least 5
WCLX Wisconsin Central Transportation Corporation 0.1
ADTN ADTRAN, Inc. 0.09
DURA Dura Pharmaceuticals, Inc. 0.09
SYBS Sybase, Inc. 0.05
OFISD U.S. Office Products Company 0.05
----------------
like it would take a 48pt move in sybs to effect the NDX as
much as a 1pt move in msft..
indexes often don't tell us crap about the broad market,
in fact they can be down right miss leading, if you don't
keep an eye on the internals.
But index funds and yoyomomogogo funds own a lot more of the
top stocks in an index than the bottom part, and they have the
expertise to parlay their holdings in a way that lets them
manipulate the index , hence the mind set of the herd.
Jim
PS
If you want to play the NDX options , let the first 5 stocks tell
you which way she will go..and the trend is your friend.
|
