High Correlation Stock Scalps For October 28 |
By Stock Scalper |
Published
10/27/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For October 28
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).
JPM JPMorgan Chase & Co WFC Wells Fargo CSCO Cisco Systems INTC Intel Corp GD General Dynamics Corp USB US Bancorp AAPL Apple Inc MMM 3M Co LMT Lockheed Martin JNJ Johnson & Johnson WAG Walgreen Co ACN Accenture PLC (Ireland) NEW BRK.B Berkshire Hathaway'B' TXN Texas Instruments QCOM Qualcomm Inc GS Goldman Sachs Grp UTX United Technologies AXP American Express Co ALL Allstate Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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