High Correlation Stock Scalps For August 16 |
By Stock Scalper |
Published
08/13/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For August 16
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).
DHR Danaher Corp CSCO Cisco Systems GILD Gilead Sciences IBM Intl Business Machines Corp DIS Disney (Walt) Co UPS United Parcel Service Inc NEE NextEra Energy Inc PG Procter & Gamble Co COST Costco Wholesale Corp COF Cap One Finl UNP Union Pacific Corp JNJ Johnson & Johnson CMCSA Comcast Cl A MCD McDonald's Corp VZ Verizon Communications ACN Accenture PLC (Ireland) NEW AAPL Apple Inc PEP Pepsico Inc MRK Merck & Co EXC Exelon Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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