High Correlation Stock Scalps For November 4 |
By Stock Scalper |
Published
11/3/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For November 4
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).
MMM 3M Co EBAY Ebay Inc GS Goldman Sachs Grp MET Metlife Inc WFC Wells Fargo AXP American Express Co GD General Dynamics Corp COF Cap One Finl DOW Dow Chemical JPM JPMorgan Chase & Co C Citigrp Inc BAC Bank of America Corporation ABBV AbbVie Inc HON Honeywell Intl AAPL Apple Inc DD Dupont(E.I.)Denemours MON Monsanto Co APA Apache Corp COP ConocoPhillips
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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