High Correlation Stock Scalps For February 8 |
By Stock Scalper |
Published
02/5/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For February 8
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 DIS Disney (Walt) Co AXP American Express Co NVDA Nvidia Corp USB US Bancorp ADBE Adobe Inc DOW Dow Inc MS Morgan Stanley UPS United Parcel Service Inc SBUX Starbucks Corp ORCL Oracle Corp COF Cap One Finl JPM JPMorgan Chase & Co BRK.B Berkshire Hathaway'B' LMT Lockheed Martin Corp AIG Amer Intl Grp LOW Lowe's Cos, Inc TGT Target Corp BAC Bank of America Corporation MO Altria Grp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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