High Correlation Stock Scalps For January 3 |
By Stock Scalper |
Published
12/30/2016
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Stocks
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Unrated
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High Correlation Stock Scalps For January 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).
QCOM Qualcomm Inc EMR Emerson Electric Co GOOG Alphabet Inc Cl C Cap Stock TGT Target Corp AIG Amer Intl Grp WBA Walgreen Boots Alliance Inc GOOGL Alphabet Inc Cl A COP ConocoPhillips CSCO Cisco Systems UNH UnitedHealth Grp Inc COST Costco Wholesale Corp GE General Electric Co F Ford Motor UNP Union Pacific Corp UPS United Parcel'B' HPQ HP Inc GM General Motors Co APC Anadarko Petro SLB Schlumberger Ltd TXN Texas Instruments KMI Kinder Morgan Inc SBUX Starbucks Corp WMT Wal-Mart Stores PCLN The Priceline Grp Inc OXY Occidental Petro FDX FedEx Corp MDLZ Mondelez Int'l Inc Cl A BA Boeing Co ORCL Oracle Corp GD General Dynamics Corp XOM Exxon Mobil UTX United Technologies LOW Lowe's Cos
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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