High Correlation Stock Scalps For February 6 |
By Stock Scalper |
Published
02/5/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For February 6
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).
XLV Health Care Select Sector SPDR Fund XLI Industrial Select Sector SPDR Fund XLK Technology Select Sector SPDR Fund XLF Financial Select Sector SPDR Fund XLP Consumer Staples Sector SPDR Fund
The following individual stocks are most correlated the S&P 500 SPDR ETF (SPY).
COST Costco Wholesale Corporation HON Honeywell International Inc DVN Devon Energy Corp GS Goldman Sachs Group Inc MET MetLife Inc AXP American Express Co UNP Union Pacific Corp F Ford Motor Co BRK.B Berkshire Hathaway Inc NWSA News Corp APA Apache Corp BAC Bank of America Corp C Citigroup Inc WMB Williams Companies Inc PFE Pfizer Inc MS Morgan Stanley
Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.
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