Does it make sense to follow stocks that are outside the exchange you trade but sill in the same sector? For example, I trade MXIM and LLTC which are in the SOX. I watch AMAT since it is a leader in the industry. Does it make sense to watch INTEL? Its also a leader but trades on the NYSE? Any thoughts welcome. White
I know people that watch 5 leaders of every sector even if they trade tier 2 stocks. I don't know where they get the bandwidth or screen real-estate to watch all this stuff. I don't watch tier 1 stocks (unless there's important news on one of them like earnings), I only watch sectors, nasdaq composite, Dow, and mini futures. If I trade semis, I watch SOX chart. Biotechs, NBI etc... Somebody will probably argue, but I found the leaders too distracting. I have enough headfakes with e-minis. I hope this helps. BTW Intel (INTC) trades on Nasdaq.