High Correlation Stock Scalps For February 22 |
By Stock Scalper |
Published
02/19/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For February 22
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).
LLY Eli Lilly and Co MDT Medtronic plc ABT Abbott Laboratories DIS Disney (Walt) Co FDX FedEx Corp DHR Danaher Corp WMT Walmart Inc PFE Pfizer Inc PYPL PayPal Hldgs Inc SLB Schlumberger Ltd BLK Blackrock Inc'A' UNP Union Pacific Corp NEE NextEra Energy Inc GM General Motors Co ORCL Oracle Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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