High Correlation Stock Scalps For October 3 |
By Stock Scalper |
Published
10/2/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For October 3
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).
CMCSA Comcast Cl'A' AIG Amer Intl Grp CAT Caterpillar Inc DOW Dow Chemical MON Monsanto Co IBM Intl Business Machines Corp UNH UnitedHealth Grp Inc MET Metlife Inc HON Honeywell Intl GOOGL Google Inc Cl A GOOG Google Inc Cl C Cap Stock JNJ Johnson & Johnson DD Dupont(E.I.)Denemours AXP American Express Co UNP Union Pacific Corp PFE Pfizer Inc SLB Schlumberger Ltd BIIB Biogen Idec GD General Dynamics Corp HAL Halliburton Co NOV National Oilwell Varco Inc TXN Texas Instruments ABT Abbott Laboratories UTX United Technologies BA Boeing Co C Citigrp Inc TGT Target Corp COP ConocoPhillips APA Apache Corp FOXA Twenty-First Century Fox Inc A DIS Disney (Walt) Co APC Anadarko Petro DVN Devon Energy GE General Electric HPQ Hewlett-Packard MS MS CVX Chevron Corporation WFC Wells Fargo XOM Exxon Mobil BAC Bank of America Corporation BMY Bristol-Myers SQUIBB EMR Emerson Electric Co COF Cap One Finl GS Goldman Sachs Grp NSC Norfolk Southern AAPL Apple Inc HD Home Depot Inc MRK Merck & Co LLY Lilly (Eli) CVS CVS Health Corp NKE Nike, Inc'B'
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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