High Correlation Stock Scalps For August 8 |
By Stock Scalper |
Published
08/7/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For August 8
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).
GS Goldman Sachs Grp ABT Abbott Laboratories COP ConocoPhillips HPQ Hewlett-Packard DVN Devon Energy TXN Texas Instruments CMCSA Comcast Cl'A' WFC Wells Fargo USB US Bancorp MRK Merck & Co GOOG Google Inc Cl C Cap Stock COF Cap One Finl ACN Accenture PLC (Ireland) NEW GM General Motors Co XOM Exxon Mobil CSCO Cisco Systems MMM 3M Co GOOGL Google Inc Cl A UNH UnitedHealth Grp Inc SBUX Starbucks Corp MS MS UPS United Parcel'B' EMC EMC Corp MET Metlife Inc FCX Freeport-McMoRan Inc JPM JPMorgan Chase & Co BMY Bristol-Myers SQUIBB MDT Medtronic, Inc CVS CVS Caremark Corporation IBM Intl Business Machines Corp V Visa Inc NKE Nike, Inc'B' AXP American Express Co NSC Norfolk Southern MDLZ Mondelez Int'l Inc Cl A QCOM Qualcomm Inc GD General Dynamics Corp MA Mastercard Inc TGT Target Corp INTC Intel Corp LLY Lilly (Eli) SPG Simon Ppty Grp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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