High Correlation Stock Scalps For October 21 |
By Stock Scalper |
Published
10/18/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For October 21
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 AIG Amer Intl Group PFE Pfizer Inc MS Morgan Stanley BA Boeing Co USB US Bancorp DD Dupont(E.I.)Denemours UPS United Parcel'B' PEP Pepsico Inc GILD Gilead Sciences WFC Wells Fargo OXY Occidental Petroleum F Ford Motor APA Apache Corp NKE Nike, Inc'B' WMB Williams Companies COP ConocoPhillips ABT Abbott Laboratories AXP American Express Company LLY Lilly (Eli) FDX FedEx Corp GOOG Google Inc Cl A AEP Amer Electric Pwr GE General Electric
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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