High Correlation Stock Scalps For July 31 |
By Stock Scalper |
Published
07/30/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For July 31
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).
AXP American Express Co SLB Schlumberger Ltd F Ford Motor CVX Chevron Corporation BA Boeing Co LLY Lilly (Eli) AIG Amer Intl Grp GM General Motors Co COF Cap One Finl DVN Devon Energy MET Metlife Inc HON Honeywell Intl UTX United Technologies COP ConocoPhillips ALL Allstate Corp GE General Electric BRK.B Berkshire Hathaway'B' XOM Exxon Mobil RTN Raytheon Co PEP Pepsico Inc MMM 3M Co MA Mastercard Inc UNH UnitedHealth Grp Inc GD General Dynamics Corp EMR Emerson Electric Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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