Three Stocks Control The Entire Stock Market – JPM, XOM, AAPL

If you ever wonder what type of day it is going to be in the stock market you can simply follow three stocks. When these three stocks trade higher on the session together the markets are likely going to finish positive. The opposite is true when these three stocks trade lower on the session, the major stock indexes will usually finish in negative territory. When these stocks are mixed then the markets are usually going to finish slightly higher or lower. The three most important stocks in the market are J.P. Morgan Chase & Co (NYSE:JPM), Exxon Mobil Corp (NYSE:XOM), and Apple Inc (NASDAQ:AAPL).

J.P. Morgan Chase & Co (NYSE:JPM) is the most important financial stock in the United States and possibly the most important financial stock in the world at this time. This stock is still the leading financial stock despite its recent trading loss that is be highly publicized. When JPM stock moves the markets listen. Today, JPM stock is trading higher by 0.08 cents to $34.39 a share.

Exxon Mobil Corp (NYSE:XOM) is the largest energy company in the world. The company has the second largest market capitalization in the entire stock universe at $377 billion. This stock is a major component of the S&P 500 Index and the Dow Jones Industrial Average. Today, XOM stock is trading higher by 0.56 cents to $81.19 a share. Short term traders should watch for intra-day resistance around the $81.37, and $81.75 levels.

Apple Inc (NASDAQ:AAPL) is the leading technology stock in the world. This company’s growth has been responsible for putting companies such as Research In Motion Limited (NASDAQ:RIMM), and Nokia Corporation (ADR) (NYSE:NOK) into a possible bankruptcy. AAPL stock also moves the markets when it trades higher or lower as it is a huge part of the NASDAQ 100 and the S&P 500 Index. Every trader and investor must follow the action in AAPL stock as it is the largest stock by market capitalization in the world. Today, AAPL stock is trading lower by $1.41 to $570.75 a share. Short term traders can watch for intra-day support around the $569.40, and $564.00 levels.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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