High Correlation Stock Scalps For October 9 |
By Stock Scalper |
Published
10/8/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For October 9
f 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).
MA Mastercard Incorporated GM General Motors Company EBAY Ebay Inc F Ford Motor NKE Nike, Inc'B' BRK.B Berkshire Hathaway'B' GILD Gilead Sciences AIG Amer Intl Group DD Dupont(E.I.)Denemours C Citigroup Inc AMGN Amgen Inc ABT Abbott Laboratories JPM JPMorgan Chase & Co WFC Wells Fargo AMZN Amazon.com Inc USB US Bancorp MS Morgan Stanley LOW Lowe's Cos CAT Caterpillar Inc UPS United Parcel'B' FDX FedEx Corp V Visa Inc COF Capital One Financial IBM Intl Business Machines Corp BAC Bank of America Corporation SLB Schlumberger Ltd HD Home Depot Inc ACN Accenture PLC (Ireland) NEW EMC EMC Corp BK Bank Of New York AXP American Express Company TGT Target Corp JNJ Johnson & Johnson EMR Emerson Electric Co TXN Texas Instruments COST Costco Wholesale QCOM Qualcomm Inc NSC Norfolk Southern CMCSA Comcast Cl'A' WMB Williams Companies MMM 3M Co CSCO Cisco Systems
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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