Get a Handle on the New Leaders
Bull markets are defined by the movement of leading stocks as they rise and take their place at the top of the heap. Market leadership is needed for movement in both directions, but most usually recognize when the upside leaders are visible. Looking at some charts from early May, it's not hard to find the ones leading the market lower -- just pick any names in the energy area, technology, banks or industrials or even transports.
The broad market decline from early May was concentrated in broad groups -- it was hard to find any name that wasn't going down. The prior instance saw strong leadership on the way up, and many in this group were technology, such as Apple (AAPL), Priceline (PCLN) and Amazon (AMZN). But, this time around, we are seeing new leaders emerge, and that is typical of rotation....304 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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