High Correlation Stock Scalps For January 29 |
By Stock Scalper |
Published
01/28/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For January 29
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).
MET Metlife Inc MMM 3M Co GS Goldman Sachs Group FDX FedEx Corp UPS United Parcel'B' V Visa Inc MS Morgan Stanley COP ConocoPhillips TXN Texas Instruments LLY Lilly (Eli) AMZN Amazon.com Inc GOOG Google Inc Cl A APA Apache Corp COF Capital One Financial MA Mastercard Incorporated PFE Pfizer Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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