High Correlation Stock Scalps For July 6 |
By Stock Scalper |
Published
07/2/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For July 6
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).
NVDA Nvidia Corp TGT Target Corp JNJ Johnson & Johnson LLY Eli Lilly and Co ACN Accenture PLC (Ireland) NEW AXP American Express Co SBUX Starbucks Corp ORCL Oracle Corp MCD McDonald's Corp AMGN Amgen Inc PFE Pfizer Inc ABBV AbbVie Inc UNH UnitedHealth Grp Inc UNP Union Pacific Corp MDT Medtronic plc CMCSA Comcast Cl A T AT&T Inc CSCO Cisco Systems MA Mastercard Inc DD DuPont de Nemours Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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