High Correlation Stock Scalps For August 9 |
By Stock Scalper |
Published
08/8/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For August 9
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 individual stocks are most correlated the S&P 500 SPDR ETF (SPY).
COP ConocoPhillips HAL Halliburton Co MMM 3M Co UNP Union Pacific Corporation UTX United Technologies EMR Emerson Electric Co TXN Texas Instruments HON Honeywell Intl TWX Time Warner JNJ Johnson & Johnson DD Dupont(E.I.)Denemours FDX FedEx Corp CMCSA Comcast Cl'A' GD General Dynamics Corp BRK.B Berkshire Hathaway'B' RTN Raytheon Co MA Mastercard Incorporated BHI Baker Hughes Inc GS Goldman Sachs Group
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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