High Correlation Stock Scalps For May 16 |
By Stock Scalper |
Published
05/13/2016
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Stocks
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Unrated
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High Correlation Stock Scalps For May 16
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).
GS Goldman Sachs Grp COF Cap One Finl BK Bank of New York Mellon Corp MS Morgan Stanley HON Honeywell Intl C Citigrp Inc BRK.B Berkshire Hathaway'B' EMR Emerson Electric Co GM General Motors Co BAC Bank of America Corporation GE General Electric Co CSCO Cisco Systems GOOGL Alphabet Inc Cl A USB US Bancorp MRK Merck & Co GOOG Alphabet Inc Cl C Cap Stock MET Metlife Inc JPM JPMorgan Chase & Co NSC Norfolk Southern FOX Twenty-First Century Fox Inc B WFC Wells Fargo PEP Pepsico Inc ACN Accenture PLC (Ireland) NEW DD Dupont(E.I.)Denemours UPS United Parcel'B' UTX United Technologies UNP Union Pacific Corp F Ford Motor CAT Caterpillar Inc AXP American Express Co V Visa Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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