High Correlation Stock Scalps For October 16 |
By Stock Scalper |
Published
10/15/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For October 16
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).
MET Metlife Inc V Visa Inc MS Morgan Stanley AIG Amer Intl Group MDT Medtronic, Inc AXP American Express Company ALL Allstate Corp MA Mastercard Incorporated USB US Bancorp UNH UnitedHealth Group Inc BK Bank Of New York CAT Caterpillar Inc MMM 3M Co LMT Lockheed Martin NKE Nike, Inc'B' F Ford Motor OXY Occidental Petroleum BMY Bristol-Myers SQUIBB WAG Walgreen Co BAC Bank of America Corporation CL Colgate-Palmolive Co PEP Pepsico Inc WFC Wells Fargo KO Coca-Cola Co DD Dupont(E.I.)Denemours MSFT Microsoft Corp WMT Wal-Mart Stores C Citigroup Inc BAX Baxter Intl XOM Exxon Mobil TGT Target Corp COST Costco Wholesale
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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