all ords at daily high, page-10

  1. 298 Posts.
    Mich
    thanx for the spelling correction

    should have picked it up

    I believe the leaders of each sector are bellwhethers for their respective businesses

    eg

    consumer staples - wow
    consumer discretionary - hvn
    financial engineers - mqg
    banks - cba
    gold - ncm
    industrial transport - tol
    travel transport - qan
    alcohol - fgl
    gaming - tah
    media - nws
    REIT - wdc
    resources - bhp
    uranium - era
    zinc - zfx
    copper - oxr


    look at the ASX and the futures and you get a generel idea where things are going
    keep an eye on the leaders and get a better idea of whats happening

    just out of interest if you were looking at consumer demand what stocks would you choose?

    I'd look at a retailer, a media stock and a transport stock

    of the transport stocks I'd say tol represents that business better than any other







 
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