High Correlation Stock Scalps For October 30 |
By Stock Scalper |
Published
10/29/2013
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Stocks
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Unrated
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High Correlation Stock Scalps For October 30
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).
MCD McDonald's Corp HAL Halliburton Co MMM 3M Co RTN Raytheon Co UPS United Parcel'B' FDX FedEx Corp ORCL Oracle Corp PEP Pepsico Inc PM Philip Morris Intl Inc T AT&T Inc IBM Intl Business Machines Corp GM General Motors Company JNJ Johnson & Johnson MO Altria Group HD Home Depot Inc LOW Lowe's Cos
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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