High Correlation Stock Scalps For November 11 |
By Stock Scalper |
Published
11/10/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For November 11
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).
ACN Accenture PLC (Ireland) NEW CVS CVS Health Corp BRK.B Berkshire Hathaway'B' WAG Walgreen Co MMM 3M Co UNP Union Pacific Corp ORCL Oracle Corp MSFT Microsoft Corp SBUX Starbucks Corp HON Honeywell Intl TXN Texas Instruments HD Home Depot Inc NSC Norfolk Southern UPS United Parcel'B' LOW Lowe's Cos WMT Wal-Mart Stores TGT Target Corp HPQ Hewlett-Packard BK Bank of New York Mellon Corp PG Procter & Gamble EBAY Ebay Inc GS Goldman Sachs Grp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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