spott has made the observation that market leaders come off their tops before the indicies decline and initiate a correction.
Today, StockCharts tells me:
Major Indicies:
DJIA, SPX, NYSE, NASDAQ all had gap downs.
Leaders:
GOOG held support
FB dived and then closed above short term support
NFLX had a (close to) inside day with a doji candle
AMZN had an outside day with all-time-high close
AAPL - the worm's in residence there for nigh on 2 weeks
FDX preceded the DJIA sell off and served its purpose as a leading indicator.
