High Correlation Stock Scalps For August 24 |
By Stock Scalper |
Published
08/21/2015
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Stocks
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Unrated
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High Correlation Stock Scalps For August 24
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).
MA Mastercard Inc HON Honeywell Intl MET Metlife Inc MS Morgan Stanley JPM JPMorgan Chase & Co PFE Pfizer Inc UTX United Technologies GS Goldman Sachs Grp ABT Abbott Laboratories AAPL Apple Inc BAX Baxter Intl Inc USB US Bancorp MSFT Microsoft Corp WFC Wells Fargo MDT Medtronic plc MON Monsanto Co RTN Raytheon Co AIG Amer Intl Grp AMZN Amazon.com Inc KO Coca-Cola Co UPS United Parcel'B' ALL Allstate Corp COF Cap One Finl INTC Intel Corp ACN Accenture PLC (Ireland) NEW QCOM Qualcomm Inc AMGN Amgen Inc DVN Devon Energy FOXA Twenty-First Century Fox Inc A GILD Gilead Sciences BAC Bank of America Corporation ORCL Oracle Corp CVS CVS Health Corp EMR Emerson Electric Co IBM Intl Business Machines Corp CL Colgate-Palmolive Co EBAY Ebay Inc NOV National Oilwell Varco Inc FDX FedEx Corp COST(F) Costco Wholesale Corp XOM Exxon Mobil BK Bank of New York Mellon Corp GM General Motors Co TXN Texas Instruments FB Facebook Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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