High Correlation Stock Scalps For October 5 |
By Frugal Trader |
Published
10/2/2015
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Stocks
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Unrated
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High Correlation Stock Scalps For October 5
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 DD Dupont(E.I.)Denemours MSFT Microsoft Corp LOW Lowe's Cos OXY Occidental Petro CMCSA Comcast Cl'A' GOOG Google Inc Cl C Cap Stock ORCL Oracle Corp GOOGL Google Inc Cl A XOM Exxon Mobil GE General Electric AMZN Amazon.com Inc DIS Disney (Walt) Co V Visa Inc CVX Chevron Corporation CL Colgate-Palmolive Co ACN Accenture PLC (Ireland) NEW GD General Dynamics Corp COP ConocoPhillips BA Boeing Co MCD McDonald's Corp DOW Dow Chemical UNH UnitedHealth Grp Inc HPQ Hewlett-Packard NSC Norfolk Southern HD Home Depot Inc MON Monsanto Co AMGN Amgen Inc EBAY Ebay Inc NKE Nike, Inc'B' APC Anadarko Petro FB Facebook Inc DVN Devon Energy UTX United Technologies
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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