High Correlation Stock Scalps For July 12 |
By Stock Scalper |
Published
07/9/2021
|
Stocks
|
Unrated
|
|
High Correlation Stock Scalps For July 12
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).
BRK.B Berkshire Hathaway'B' BLK Blackrock Inc'A' ALL Allstate Corp AXP American Express Co MCD McDonald's Corp BMY Bristol-Myers SQUIBB LOW Lowe's Cos, Inc COF Cap One Finl JPM JPMorgan Chase & Co HD Home Depot Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
|