High Correlation Stock Scalps For May 23 |
By Stock Scalper |
Published
05/20/2016
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Stocks
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Unrated
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High Correlation Stock Scalps For May 23
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).
INTC Intel Corp HON Honeywell Intl GOOG Alphabet Inc Cl C Cap Stock GOOGL Alphabet Inc Cl A MA Mastercard Inc MSFT Microsoft Corp ORCL Oracle Corp ABT Abbott Laboratories ACN Accenture PLC (Ireland) NEW GE General Electric Co AMZN Amazon.com Inc MDT Medtronic plc F Ford Motor ALL Allstate Corp UTX United Technologies BMY Bristol-Myers SQUIBB FOX Twenty-First Century Fox Inc B MMM 3M Co MDLZ Mondelez Int'l Inc Cl A FOXA Twenty-First Century Fox Inc A HD Home Depot Inc V Visa Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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