High Correlation Stock Scalps For October 23 |
By Stock Scalper |
Published
10/22/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For October 23
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).
AMZN Amazon.com Inc MDT Medtronic, Inc MMM 3M Co CAT Caterpillar Inc WFC Wells Fargo EMR Emerson Electric Co DIS Disney (Walt) Co CVX Chevron Corporation AXP American Express Company NSC Norfolk Southern
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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