High Correlation Stock Scalps For May 3 |
By Stock Scalper |
Published
04/30/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For May 3
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).
DD DuPont de Nemours Inc ACN Accenture PLC (Ireland) NEW BLK Blackrock Inc'A' QCOM Qualcomm Inc IBM Intl Business Machines Corp DOW Dow Inc KO Coca-Cola Co ALL Allstate Corp WFC Wells Fargo & Company UNH UnitedHealth Grp Inc GS Goldman Sachs Grp BRK.B Berkshire Hathaway'B' MS Morgan Stanley
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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