High Correlation Stock Scalps For December 28 |
By Stock Scalper |
Published
12/24/2020
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Stocks
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Unrated
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High Correlation Stock Scalps For December 28
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). ALL Allstate Corp INTC Intel Corp UNP Union Pacific Corp MDLZ Mondelez Int'l Inc Cl A KO Coca-Cola Co PG Procter & Gamble Co IBM Intl Business Machines Corp SPG Simon Ppty Grp CMCSA Comcast Cl A MA Mastercard Inc V Visa Inc COST Costco Wholesale Corp LMT Lockheed Martin Corp UNH UnitedHealth Grp Inc PEP Pepsico Inc GD General Dynamics Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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