High Correlation Stock Scalps For December 12 |
By Stock Scalper |
Published
12/9/2016
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Stocks
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Unrated
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High Correlation Stock Scalps For December 12
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).
IBM Intl Business Machines Corp ACN Accenture PLC (Ireland) NEW MMM 3M Co UPS United Parcel'B' MO Altria Grp USB US Bancorp GS Goldman Sachs Grp ALL Allstate Corp NSC Norfolk Southern C Citigrp Inc GOOGL Alphabet Inc Cl A PM Philip Morris Intl Inc AXP American Express Co GM General Motors Co DOW Dow Chemical COST Costco Wholesale Corp GOOG Alphabet Inc Cl C Cap Stock JPM JPMorgan Chase & Co BRK.B Berkshire Hathaway'B' PG Procter & Gamble Cc WFC Wells Fargo HD Home Depot Inc CSCO Cisco Systems VZ Verizon Communications XOM Exxon Mobil TWX Time Warner PYPL PayPal Hldgs Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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