High Correlation Stock Scalps For October 20 |
By Stock Scalper |
Published
10/17/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For October 20
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).
MET Metlife Inc XOM Exxon Mobil LOW Lowe's Cos BK Bank of New York Mellon Corp BAC Bank of America Corporation SBUX Starbucks Corp USB US Bancorp WFC Wells Fargo GILD Gilead Sciences DOW Dow Chemical DVN Devon Energy AMZN Amazon.com Inc GS Goldman Sachs Grp EXC Exelon Corp MDLZ Mondelez Int'l Inc Cl A JPM JPMorgan Chase & Co INTC Intel Corp C Citigrp Inc NSC Norfolk Southern QCOM Qualcomm Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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