XOM target almost there, Other US stocks to watch

Referring to my last post on "ExxonMobil gets another boost". My profit target price is still $108". I believe this is just a matter of time as XOM closed last night at $99.54, gaining almost 7% since my last article. (i.e. if you have been following).

Other US stocks to watch: Goldman Sachs (GS), Coca Cola (KO), Mondelez (MDLZ), Johnson & Johnson (JNJ), Procter & Gamble (PG). 

Keep a close eye on leadership stocks in everysector to gauge an idea of market direction. For example Goldman Sachs price movement provides excellent market direction relative to US, it works for me. This is one the hints you can take away. When a leadership stock such as GS falters, it is time to be skeptical of the market in general. For the past year it has been bullish and last night it broke past $170 barrier. Where is the next stop? $180-$185. When GS reaches, $230-$240 next year, start packing up because some of the smartest people in the world work for Goldman, they invest in their own company. When markets are heading for a downturn, when the economy cannot expand further, M&A deals stop, things start t contract. These people are the first to pull their money out. 

Okay, realistically I have gone overboard and exagerrated the above sentiments, but it is true to a certain extent. It has worked for me in the past few years, to follow Goldman Sachs. Might also work for you :)