High Correlation Stock Scalps For October 7 |
By Stock Scalper |
Published
10/6/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For October 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).
USB US Bancorp DIS Disney (Walt) Co CMCSA Comcast Cl'A' IBM Intl Business Machines Corp AXP American Express Co GOOGL Google Inc Cl A ACN Accenture PLC (Ireland) NEW GOOG Google Inc Cl C Cap Stock BK Bank of New York Mellon Corp MET Metlife Inc BA Boeing Co UTX United Technologies BIIB Biogen Idec ABBV AbbVie Inc UNH UnitedHealth Grp Inc UNP Union Pacific Corp BMY Bristol-Myers SQUIBB FDX FedEx Corp QCOM Qualcomm Inc TWX Time Warner SBUX Starbucks Corp UPS United Parcel'B' JPM JPMorgan Chase & Co WFC Wells Fargo MRK Merck & Co MMM 3M Co CL Colgate-Palmolive Co COF Cap One Finl AAPL Apple Inc NSC Norfolk Southern PEP Pepsico Inc HON Honeywell Intl VZ Verizon Communications C Citigrp Inc JNJ Johnson & Johnson EMR Emerson Electric Co AIG Amer Intl Grp GE General Electric PFE Pfizer Inc XOM Exxon Mobil T AT&T Inc NKE Nike, Inc'B' RTN Raytheon Co GILD Gilead Sciences MSFT Microsoft Corp TGT Target Corp INTC Intel Corp DOW Dow Chemical EMC EMC Corp AMGN Amgen Inc BAC Bank of America Corporation LMT Lockheed Martin MS MS CVX Chevron Corporation GD General Dynamics Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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