High Correlation Stock Scalps For August 7 |
By Stock Scalper |
Published
08/6/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For August 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).
WFC Wells Fargo ABT Abbott Laboratories CMCSA Comcast Cl'A' MMM 3M Co GS Goldman Sachs Grp HPQ Hewlett-Packard GOOG Google Inc Cl C Cap Stock COP ConocoPhillips GOOGL Google Inc Cl A SBUX Starbucks Corp ACN Accenture PLC (Ireland) NEW CSCO Cisco Systems COF Cap One Finl MS MS QCOM Qualcomm Inc C Citigrp Inc MET Metlife Inc AXP American Express Co NSC Norfolk Southern GM General Motors Co APA Apache Corp CVX Chevron Corporation IBM Intl Business Machines Corp DVN Devon Energy MSFT Microsoft Corp UTX United Technologies BMY Bristol-Myers SQUIBB BIIB Biogen Idec SLB Schlumberger Ltd HAL Halliburton Co EMC EMC Corp F Ford Motor FDX FedEx Corp ABBV AbbVie Inc INTC Intel Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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