High Correlation Stock Scalps For September 19 |
By Stock Scalper |
Published
09/18/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For September 19
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).
MMM 3M Co HON Honeywell Intl C Citigroup Inc EMR Emerson Electric Co WMT Wal-Mart Stores MDLZ Mondelez Int'l Inc Cl A BRK.B Berkshire Hathaway'B' LMT Lockheed Martin MO Altria Group ACN Accenture PLC (Ireland) NEW NSC Norfolk Southern PEP Pepsico Inc MS Morgan Stanley CL Colgate-Palmolive Co GD General Dynamics Corp AEP Amer Electric Pwr UPS United Parcel'B' COP ConocoPhillips BMY Bristol-Myers SQUIBB GE General Electric USB US Bancorp NOV National Oilwell Varco Inc KO Coca-Cola Co MCD McDonald's Corp WFC Wells Fargo RTN Raytheon Co HD Home Depot Inc DD Dupont(E.I.)Denemours AXP American Express Company SLB Schlumberger Ltd V Visa Inc ALL Allstate Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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