High Correlation Stock Scalps For October 17 |
By Stock Scalper |
Published
10/16/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For October 17
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).
BK Bank of New York Mellon Corp APA Apache Corp OXY Occidental Petro CVS CVS Health Corp COP ConocoPhillips BAX Baxter Intl HD Home Depot Inc LOW Lowe's Cos MET Metlife Inc GD General Dynamics Corp T AT&T Inc HON Honeywell Intl CVX Chevron Corporation DIS Disney (Walt) Co GOOGL Google Inc Cl A MO Altria Grp USB US Bancorp LLY Lilly (Eli) AMZN Amazon.com Inc GOOG Google Inc Cl C Cap Stock COF Cap One Finl SLB Schlumberger Ltd MCD McDonald's Corp ACN Accenture PLC (Ireland) NEW GM General Motors Co EMC EMC Corp DVN Devon Energy ABT Abbott Laboratories DOW Dow Chemical JPM JPMorgan Chase & Co SBUX Starbucks Corp XOM Exxon Mobil AAPL Apple Inc BAC Bank of America Corporation EXC Exelon Corp MS MS FB Facebook Inc BRK.B Berkshire Hathaway'B' UTX United Technologies FCX Freeport-McMoRan Inc BA Boeing Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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