Weekend Highlights: How to Find Market Leaders ๐
Let's use $NASDAQ 100 Index(.NDX.US$ As a reference, as can be seen from a simple comparison: starting in mid-July, when NDX began to create lower lows until the end of October; some stocks continued to create higher lows unusually, and created their own 52-week highs/record highs a few days before and after the NDX bottomed out. We call such stocks leaders. Here are examples of NDX and some leaders ๐
Let's take a look at the weekly charts of NDX and SMCI, the leader at the time, to January 2022. NDX has been creating lower lows throughout 2022, yet SMCI has been creating higher lows. NDX fell by more than 30% in 2022, and SMCI has quietly risen by more than 80% in 2022. Since January 2022, NDX has almost kept going, while SMCI has risen more than 700%...
When you look through all of the best stocks in over 100 years of stock history, you'll find that they've been doing the same thing... so finding a leader to trade can greatly improve your chances of winning big ๐ฅ
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