| Why pay so much attention to the first few | | | | gained" list right after the open, you have to |
| minutes of the trading day and who the top 10 or | | | | watch that one! It should pull back some from |
| 15 stocks are right at the open? | | | | that huge gap, base out and start climbing up |
| As you know many times the market will "gap" | | | | again. |
| open. That is, it will open stocks higher than they | | | | To put it frankly, you can scan thousands of |
| closed the day before. This is important because | | | | headlines every morning looking for that one |
| "something" is going to happen to that stock. It | | | | "gem" of a story that will give a stock a big boost |
| will either fall back down and be forgotten (great | | | | and a lot of times you find it, but Wall Street will |
| short) on the day or it will "fill the gap" meaning it | | | | show you those stocks and dozens of others |
| will pull back and then possibly move higher again. | | | | simply by the amount of excitement right at the |
| There is no stronger indication of what stocks | | | | open. Some of your best research can be started |
| may move later in the day than to take notice of | | | | just two or three minutes after the bell. Look for |
| who is the point leader just a few minutes into | | | | point gainers, volume spikes, and % gainers. If |
| the day. | | | | you see a stock that is trading on the leader |
| Every morning you can scan the headlines for | | | | board and it is up 2 or more points from where it |
| stock moving news and take note of a handfull of | | | | closed the day before, rest assured either it is |
| really interesting headlines, jot those companies | | | | being carried over from the news the day before, |
| down and in addition to them, you want to see | | | | that morning's news, or some thing neat is going |
| who the "market" is moving. Many times you will | | | | on! |
| see a stock up 3 or 4 dollars from yesterday's | | | | Use the leaderboard as a tool, it tells a wonderful |
| close and you cannot find one word of news | | | | story. If you study it long enough you will see |
| about why it may be moving. These are often | | | | very evident patterns emerge, and you will be |
| very interesting stocks to take note of because | | | | able to benefit from these patterns. |
| "something" is happening there and it warrants | | | | One last note: On a terrible day it is even more |
| further investigation (inside buys, news leaks, new | | | | important to watch the leaderboard early. Why? |
| contracts, rumors of mergers, and all kinds of | | | | Because even if the market beats them up and |
| interesting things could be causing the move). | | | | pulls them back, they could again be the winner |
| Another interesting thing about watching the | | | | the next day. Watch for that to happen often |
| "leaderboard" a few minutes after the open is to | | | | and you will find some good bargains the next |
| affirm your own research. For instance suppose | | | | day. |
| you see a mention about the XYZ company | | | | Larry is the publisher of and is a recognized |
| looking good going forward. You do a little | | | | authority on the subject of trading and has been |
| homework and decide that "yes, this is a good | | | | publishing his newsletter, Stocks2Watch(R), since |
| looking candidate". Well, if that stock opens strong | | | | January of 1997. |
| the next day and is actually on the "most points | | | | |