High Correlation Stock Scalps For January 23 |
By Stock Scalper |
Published
01/22/2015
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Stocks
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Unrated
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High Correlation Stock Scalps For January 23
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 UPS United Parcel'B' LMT Lockheed Martin WFC Wells Fargo UNH UnitedHealth Grp Inc NSC Norfolk Southern GOOGL Google Inc Cl A PEP Pepsico Inc GOOG Google Inc Cl C Cap Stock KO Coca-Cola Co JPM JPMorgan Chase & Co BA Boeing Co UTX United Technologies MDLZ Mondelez Int'l Inc Cl A USB US Bancorp SBUX Starbucks Corp HD Home Depot Inc TXN Texas Instruments AMZN Amazon.com Inc PM Philip Morris Intl Inc MET Metlife Inc GD General Dynamics Corp MDT Medtronic, Inc GE General Electric DD Dupont(E.I.)Denemours COP ConocoPhillips CVX Chevron Corporation NKE Nike, Inc'B' AAPL Apple Inc DOW Dow Chemical C Citigrp Inc MO Altria Grp HPQ Hewlett-Packard FDX FedEx Corp BK Bank of New York Mellon Corp HON Honeywell Intl MON Monsanto Co XOM Exxon Mobil ALL Allstate Corp APC Anadarko Petro EBAY Ebay Inc BAC Bank of America Corporation AIG Amer Intl Grp LOW Lowe's Cos RTN Raytheon Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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