High Correlation Stock Scalps For January 7 |
By Stock Scalper |
Published
01/6/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For January 7
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).
KO Coca-Cola Co MMM 3M Co MDLZ Mondelez Int'l Inc Cl A ACN Accenture PLC (Ireland) NEW XOM Exxon Mobil GE General Electric EMR Emerson Electric Co FDX FedEx Corp UPS United Parcel'B' ALL Allstate Corp TWX Time Warner DD Dupont(E.I.)Denemours SBUX Starbucks Corp SLB Schlumberger Ltd CMCSA Comcast Cl'A' DOW Dow Chemical BRK.B Berkshire Hathaway'B' COST Costco Wholesale GD General Dynamics Corp SO Southern Company Inc CL Colgate-Palmolive Co CAT Caterpillar Inc CVX Chevron Corporation NKE Nike, Inc'B' MCD McDonald's Corp LOW Lowe's Cos GILD Gilead Sciences NWSA News Corp Cl A
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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