High Correlation Stock Scalps For August 23 |
By Stock Scalper |
Published
08/20/2021
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Stocks
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Unrated
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High Correlation Stock Scalps For August 23
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).
TGT Target Corp AAPL Apple Inc GOOGL Alphabet Inc Cl A FB Facebook Inc BLK Blackrock Inc'A' GD General Dynamics Corp DUK Duke Energy Corporation MCD McDonald's Corp EMR Emerson Electric Co TXN Texas Instruments PYPL PayPal Hldgs Inc DIS Disney (Walt) Co QCOM Qualcomm Inc AMZN Amazon.com Inc ALL Allstate Corp GOOG Alphabet Inc Cl C Cap Stock IBM Intl Business Machines Corp PM Philip Morris Intl Inc V Visa Inc KO Coca-Cola Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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