High Correlation Stock Scalps For January 11 |
By Stock Scalper |
Published
01/8/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For January 11
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).
NKE Nike Inc Cl B BMY Bristol-Myers SQUIBB ACN Accenture PLC (Ireland) NEW CSCO Cisco Systems BIIB Biogen Inc CVS CVS Health Corp TXN Texas Instruments BLK Blackrock Inc'A' UNP Union Pacific Corp DD DuPont de Nemours Inc GOOG Alphabet Inc Cl C Cap Stock WBA Walgreen Boots Alliance Inc DHR Danaher Corp LOW Lowe's Cos, Inc BRK.B Berkshire Hathaway'B' JPM JPMorgan Chase & Co F Ford Motor QCOM Qualcomm Inc NEE NextEra Energy Inc ABT Abbott Laboratories
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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