High Correlation Stock Scalps For September 3 |
By Stock Scalper |
Published
08/30/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For September 3
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).
ALTR Altera Corp. ATVI Activision Blizzard Inc BRKR Bruker Corporation CA CA Inc CELG Celgene Corp CRUS Cirrus Logic GM General Motors Company HBC HSBC Holdings ADS HIG Hartford Finl Svcs Grp ITT ITT Corporation KBR KBR Inc KSU Kansas City Southern LM Legg Mason Inc LRCX Lam Research RWT Redwood Trust RYN Rayonier Inc SANM Sanmina Corporation SCS Steelcase Inc'A' SGEN Seattle Genetics SIRO Sirona Dental Systems, Inc TMO Thermo Fisher Scientific Inc TRW Trw Automotive Hldg TSM Taiwan Semiconductor Mfg ADS TXT Textron, Inc UNH UnitedHealth Group Inc WWWW Web.com Group Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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