High Correlation Stock Scalps For November 7 |
By Stock Scalper |
Published
11/6/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For November 7
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 DVN Devon Energy AIG Amer Intl Grp WFC Wells Fargo BAX Baxter Intl CVS CVS Health Corp MDLZ Mondelez Int'l Inc Cl A APC Anadarko Petro EXC Exelon Corp ACN Accenture PLC (Ireland) NEW ALL Allstate Corp UNP Union Pacific Corp HON Honeywell Intl GE General Electric WAG Walgreen Co MS MS FOXA Twenty-First Century Fox Inc A USB US Bancorp DOW Dow Chemical ORCL Oracle Corp NOV National Oilwell Varco Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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