High Correlation Stock Scalps For January 26 |
By Stock Scalper |
Published
01/23/2015
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Stocks
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Unrated
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High Correlation Stock Scalps For January 26
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 BA Boeing Co LMT Lockheed Martin WFC Wells Fargo NKE Nike, Inc'B' AMZN Amazon.com Inc JPM JPMorgan Chase & Co UTX United Technologies USB US Bancorp RTN Raytheon Co GOOG Google Inc Cl C Cap Stock GOOGL Google Inc Cl A CAT Caterpillar Inc NSC Norfolk Southern GE General Electric MON Monsanto Co GS Goldman Sachs Grp KO Coca-Cola Co EBAY Ebay Inc ALL Allstate Corp WMT Wal-Mart Stores DOW Dow Chemical ORCL Oracle Corp MS MS INTC Intel Corp LLY Lilly (Eli)
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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