Who Are the Leaders and Laggards???

[strtedat22 10]

i need an idea of who are the leaders and laggards? I wanna have a feel for the other major markets each day not just the YM.

 

Thanks,

strtedat22

[windatback 10]

es is lead sometimes by the nq. Also oil has had a big influence on the mkts as of lately.

[daedalus 10]

I usually watch the ES, NQ, and ER2 simultaneously and in my experience there is not one "leading market" consistently. They will all take turns at leading a move, however it can become very apparent sometimes on which moves are gonna go for gold and which are going to fail based off the action and follow through of the other markets.

[TheNegotiator 13]

I think this is an interesting subject. Personally I won't place a trade based on what a perceived leader of the market I trade is doing. However, I do think that if there is something clearly going on, it's worthwhile scaling some off or possibly exiting a trade if the leader is showing a clear break. As for what leads what, to me this is a perpetual question. It all depends on what is currently important to the markets. Look at big news or markets which are moving a lot, then watch to see if the market you trade is reacting to the movements. Don't force it. Use the relationship only when it's obvious. Also, it's worth noting that a certain market may move in sync with another at one time of the day and later on, it will 'follow' a different market.