High Correlation Stock Scalps For September 2 |
By Stock Scalper |
Published
08/29/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For September 2
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).
AIG Amer Intl Grp JNJ Johnson & Johnson USB US Bancorp ACN Accenture PLC (Ireland) NEW MS MS WFC Wells Fargo BRK.B Berkshire Hathaway'B' CSCO Cisco Systems IBM Intl Business Machines Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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