High Correlation Stock Scalps For March 8 |
By Stock Scalper |
Published
03/5/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For March
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 ABBV AbbVie Inc BLK Blackrock Inc'A' JNJ Johnson & Johnson MSFT Microsoft Corp DHR Danaher Corp BIIB Biogen Inc BMY Bristol-Myers SQUIBB TXN Texas Instruments WMT Walmart Inc V Visa Inc LOW Lowe's Cos, Inc MCD McDonald's Corp AAPL Apple Inc NKE Nike Inc Cl B FDX FedEx Corp QCOM Qualcomm Inc AMZN Amazon.com Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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