High Correlation Stock Scalps For August 29 |
By Stock Scalper |
Published
08/28/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For August 29
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).
ABT Abbott Laboratories JPM JPMorgan Chase & Co MS MS GM General Motors Co SBUX Starbucks Corp ABBV AbbVie Inc ACN Accenture PLC (Ireland) NEW GS Goldman Sachs Grp APA Apache Corp LOW Lowe's Cos IBM Intl Business Machines Corp XOM Exxon Mobil COF Cap One Finl
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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