High Correlation Stock Scalps For January 22 |
By Stock Scalper |
Published
01/18/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For January 22
If the stock market can move sectors and stocks, which sectors and stocks are most likely to move in step with the stock market? Sectors and individual stocks most highly correlated to the overall market can use the S&P 500 SPDR ETF (SPY) as a directional indicator.
The following sectors are most correlated the S&P 500 SPDR ETF (SPY).
XLP Consumer Staples Sector SPDR Fund XLE Energy Select Sector SPDR Fund XLY Consumer Discretionary Sector SPDR Fund XLV Health Care Select Sector SPDR Fund XLI Industrial Select Sector SPDR Fund
The following individual stocks are most correlated the S&P 500 SPDR ETF (SPY).
MMM 3M Company TXN Texas Instruments Inc HD Home Depot Inc LOW Lowe's Companies Inc XOM Exxon Mobil Corp CMCSA Comcast Corp EXC Exelon Corp APA Apache Corp PEP Pepsico Inc KO The Coca Cola Co UPS United Parcel Service Inc HON Honeywell International Inc NSC Norfolk Southern Corp ALL Allstate Corp WMB Williams Companies Inc NOV National Oilwell Varco Inc TWX Time Warner Inc EMR Emerson Electric Co UNP Union Pacific Corp
Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.
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