High Correlation Stock Scalps For April 18 |
By Stock Scalper |
Published
04/15/2016
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Stocks
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Unrated
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High Correlation Stock Scalps For April 18
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).
USB US Bancorp JPM JPMorgan Chase & Co AIG Amer Intl Grp MS Morgan Stanley BAC Bank of America Corporation GS Goldman Sachs Grp MET Metlife Inc BK Bank of New York Mellon Corp AXP American Express Co ORCL Oracle Corp MRK Merck & Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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