High Correlation Stock Scalps For August 6 |
By Stock Scalper |
Published
08/5/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For August 6
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).
XOM Exxon Mobil GOOG Google Inc Cl C Cap Stock GOOGL Google Inc Cl A CMCSA Comcast Cl'A' MMM 3M Co ABT Abbott Laboratories SBUX Starbucks Corp WFC Wells Fargo CSCO Cisco Systems DD Dupont(E.I.)Denemours COP ConocoPhillips MRK Merck & Co C Citigrp Inc ACN Accenture PLC (Ireland) NEW HPQ Hewlett-Packard FCX Freeport-McMoRan Inc UPS United Parcel'B' AXP American Express Co GS Goldman Sachs Grp USB US Bancorp MS MS TXN Texas Instruments DVN Devon Energy SLB Schlumberger Ltd HAL Halliburton Co FB Facebook Inc LMT Lockheed Martin
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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