High Correlation Stock Scalps For May 19 |
By Stock Scalper |
Published
05/16/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For May 19
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).
HAL Halliburton Co GS Goldman Sachs Group HON Honeywell Intl V Visa Inc BAC Bank of America Corporation MMM 3M Co MA Mastercard Incorporated ALL Allstate Corp GOOG Google Inc Cl C Capital Stock BK Bank of New York Mellon Corp NKE Nike, Inc'B' TGT Target Corp FB Facebook Inc DOW Dow Chemical AMZN Amazon.com Inc AXP American Express Company WFC Wells Fargo UNH UnitedHealth Group Inc MDT Medtronic, Inc TWX Time Warner DIS Disney (Walt) Co IBM Intl Business Machines Corp MSFT Microsoft Corp DD Dupont(E.I.)Denemours PEP Pepsico Inc COF Capital One Financial MDLZ Mondelez Int'l Inc Cl A FOXA Twenty-First Century Fox Inc A TXN Texas Instruments CAT Caterpillar Inc MS Morgan Stanley BRK.B Berkshire Hathaway'B' SBUX Starbucks Corp LOW Lowe's Cos QCOM Qualcomm Inc KO Coca-Cola Co NSC Norfolk Southern
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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