High Correlation Stock Scalps For February 3 |
By Stock Scalper |
Published
02/2/2015
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Stocks
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Unrated
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High Correlation Stock Scalps For February 3
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).
BRK.B Berkshire Hathaway'B' MDLZ Mondelez Int'l Inc Cl A WFC Wells Fargo FDX FedEx Corp DIS Disney (Walt) Co UPS United Parcel'B' GM General Motors Co HON Honeywell Intl ACN Accenture PLC (Ireland) NEW FOXA Twenty-First Century Fox Inc A TWX Time Warner GS Goldman Sachs Grp ALL Allstate Corp MRK Merck & Co UTX United Technologies UNH UnitedHealth Grp Inc UNP Union Pacific Corp LMT Lockheed Martin MS MS BMY Bristol-Myers SQUIBB EBAY Ebay Inc MO Altria Grp PFE Pfizer Inc PM Philip Morris Intl Inc JNJ Johnson & Johnson C Citigrp Inc DD Dupont(E.I.)Denemours SBUX Starbucks Corp TGT Target Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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