High Correlation Stock Scalps For February 2 |
By Stock Scalper |
Published
01/30/2015
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Stocks
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Unrated
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High Correlation Stock Scalps For February 2
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).
WFC Wells Fargo MDLZ Mondelez Int'l Inc Cl A AIG Amer Intl Grp BRK.B Berkshire Hathaway'B' ACN Accenture PLC (Ireland) NEW GS Goldman Sachs Grp FDX FedEx Corp NSC Norfolk Southern GM General Motors Co UNH UnitedHealth Grp Inc MS MS MRK Merck & Co GE General Electric KO Coca-Cola Co AXP American Express Co C Citigrp Inc JPM JPMorgan Chase & Co FOXA Twenty-First Century Fox Inc A PM Philip Morris Intl Inc PEP Pepsico Inc EBAY Ebay Inc NKE Nike, Inc'B' BAC Bank of America Corporation ORCL Oracle Corp BMY Bristol-Myers SQUIBB MDT Medtronic plc INTC Intel Corp DD Dupont(E.I.)Denemours RTN Raytheon Co AMGN Amgen Inc UTX United Technologies UNP Union Pacific Corp ALL Allstate Corp PFE Pfizer Inc CVS CVS Health Corp UPS United Parcel'B'
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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