High Correlation Stock Scalps For October 30 |
By Stock Scalper |
Published
10/29/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For October 30
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).
UTX United Technologies CSCO Cisco Systems AXP American Express Co EMR Emerson Electric Co INTC Intel Corp FOXA Twenty-First Century Fox Inc A DIS Disney (Walt) Co SPG Simon Ppty Grp NSC Norfolk Southern JPM JPMorgan Chase & Co QCOM Qualcomm Inc LMT Lockheed Martin TXN Texas Instruments BA Boeing Co MA Mastercard Inc SBUX Starbucks Corp HD Home Depot Inc MMM 3M Co AIG Amer Intl Grp HON Honeywell Intl T AT&T Inc LOW Lowe's Cos BRK.B Berkshire Hathaway'B' VZ Verizon Communications ACN Accenture PLC (Ireland) NEW NKE Nike, Inc'B' HPQ Hewlett-Packard UNP Union Pacific Corp BAX Baxter Intl IBM Intl Business Machines Corp MDLZ Mondelez Int'l Inc Cl A WAG Walgreen Co EMC EMC Corp CVS CVS Health Corp UNH UnitedHealth Grp Inc FDX FedEx Corp UPS United Parcel'B' CAT Caterpillar Inc GOOG Google Inc Cl C Cap Stock CMCSA Comcast Cl'A' GOOGL Google Inc Cl A BMY Bristol-Myers SQUIBB V Visa Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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