High Correlation Stock Scalps For October 17 |
By Stock Scalper |
Published
10/16/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For October 17
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).
MA Mastercard Incorporated V Visa Inc MET Metlife Inc APC Anadarko Petroleum MS Morgan Stanley CL Colgate-Palmolive Co UNH UnitedHealth Group Inc ALL Allstate Corp CMCSA Comcast Cl'A' AXP American Express Company BRK.B Berkshire Hathaway'B' APA Apache Corp OXY Occidental Petroleum ABBV AbbVie Inc NWSA News Corp Cl A JNJ Johnson & Johnson AMGN Amgen Inc BA Boeing Co QCOM Qualcomm Inc NKE Nike, Inc'B' UPS United Parcel'B' WAG Walgreen Co GOOG Google Inc Cl A INTC Intel Corp DOW Dow Chemical JPM JPMorgan Chase & Co BMY Bristol-Myers SQUIBB FDX FedEx Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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