High Correlation Stock Scalps For August 29 |
By Stock Scalper |
Published
08/26/2016
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Stocks
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Unrated
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High Correlation Stock Scalps For August 29
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).
CAT Caterpillar Inc AXP American Express Co AAPL Apple Inc TWX Time Warner DIS Disney (Walt) Co KMI Kinder Morgan Inc BRK.B Berkshire Hathaway'B' LLY Lilly (Eli) SLB Schlumberger Ltd UNP Union Pacific Corp PM Philip Morris Intl Inc GOOGL Alphabet Inc Cl A CELG Celgene Corp FDX FedEx Corp GOOG Alphabet Inc Cl C Cap Stock BMY Bristol-Myers SQUIBB BIIB Biogen Inc TXN Texas Instruments GM General Motors Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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