High Correlation Stock Scalps For October 10 |
By Stock Scalper |
Published
10/9/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For October 10
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).
V Visa Inc HON Honeywell Intl WFC Wells Fargo ALL Allstate Corp GOOG Google Inc Cl C Cap Stock GOOGL Google Inc Cl A GE General Electric UPS United Parcel'B' C Citigrp Inc USB US Bancorp IBM Intl Business Machines Corp BRK.B Berkshire Hathaway'B' JNJ Johnson & Johnson BA Boeing Co UNP Union Pacific Corp MDLZ Mondelez Int'l Inc Cl A AMZN Amazon.com Inc BMY Bristol-Myers SQUIBB CAT Caterpillar Inc GS Goldman Sachs Grp GD General Dynamics Corp JPM JPMorgan Chase & Co MA Mastercard Inc LMT Lockheed Martin MON Monsanto Co AIG Amer Intl Grp FDX FedEx Corp BAX Baxter Intl FCX Freeport-McMoRan Inc FB Facebook Inc NKE Nike, Inc'B' TXN Texas Instruments
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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