Better watching lead stock like SAP imo,but when open US markets,is interesting watching how FDAX/NQ for compare.Sometimes it is very useful,almost another indicator.
Yes. Today I have followed BASF, Siemens, SAP and Deutsche Bank. Siemens was the leader, while Deutsche bank lagged. Today it has also been very important to follow the dollar.
DAX is heavy tech weighted, so NQ is not a bad choice. But I tend to build a cumulative indicator for SPX/INDU/NQ. With FESX it can give a relatively clear intermarket snapshot. Also good to look at Bund Future here at Eurex. Best Cosmic
If you compare Dax with both Nasdaq and S&P500, you can see that S&P500 follows Dax better that Nasdaq.
FESX is the EuroStoxx 50 future over here, we just call it FESX for short. Yes, I often chart also Euro Bund futures in different time intervals. It is also interesting because they start trading on hour earlier that FDAX & reactions in bund market to overnight (and Asia happenings) news is worthwile I think. DAX correlation with SPX/NQ/INDU does rotate, so its possible to track that with correaltion studies inside TradeStation or so... Best & good trades, Cosmic
I trading NQ because its more volatile than ES but less than FDAX.And also charts of NQ are better readable. Just compare: FDAX easy make 60-80 points NQ 10-20 ES 5-10 Sure I know for FDAX you need more money for margin...etc,but like I said,for me is important volatility because I am most of scalper.