High Correlation Stock Scalps For October 16 |
By Stock Scalper |
Published
10/13/2017
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Stocks
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Unrated
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High Correlation Stock Scalps For October 16
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).
TGT Target Corp GOOGL Alphabet Inc Cl A EXC Exelon Corp GOOG Alphabet Inc Cl C Cap Stock BK Bank of New York Mellon Corp AMZN Amazon.com Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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