High Correlation Stock Scalps For January 9 |
By Stock Scalper |
Published
01/8/2015
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Stocks
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Unrated
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High Correlation Stock Scalps For January 9
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).
UPS United Parcel'B' TWX Time Warner DD Dupont(E.I.)Denemours GD General Dynamics Corp ACN Accenture PLC (Ireland) NEW EMR Emerson Electric Co HON Honeywell Intl MMM 3M Co BA Boeing Co ALL Allstate Corp AAPL Apple Inc NKE Nike, Inc'B' CL Colgate-Palmolive Co MSFT Microsoft Corp BRK.B Berkshire Hathaway'B' DVN Devon Energy AXP American Express Co HAL Halliburton Co PG Procter & Gamble EBAY Ebay Inc BMY Bristol-Myers SQUIBB UNP Union Pacific Corp UNH UnitedHealth Grp Inc USB US Bancorp FCX Freeport-McMoRan Inc CVX Chevron Corporation APC Anadarko Petro WFC Wells Fargo FDX FedEx Corp FB Facebook Inc MET Metlife Inc JNJ Johnson & Johnson JPM JPMorgan Chase & Co NOV National Oilwell Varco Inc LLY Lilly (Eli)
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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