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High Correlation Stock Scalps For January 11
By Stock Scalper | Published  01/8/2021 | Stocks | Unrated
High Correlation Stock Scalps For January 11

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).

NKE Nike Inc Cl B
BMY Bristol-Myers SQUIBB
ACN Accenture PLC (Ireland) NEW
CSCO Cisco Systems
BIIB Biogen Inc
CVS CVS Health Corp
TXN Texas Instruments
BLK Blackrock Inc'A'
UNP Union Pacific Corp
DD DuPont de Nemours Inc
GOOG Alphabet Inc Cl C Cap Stock
WBA Walgreen Boots Alliance Inc
DHR Danaher Corp
LOW Lowe's Cos, Inc
BRK.B Berkshire Hathaway'B'
JPM JPMorgan Chase & Co
F Ford Motor
QCOM Qualcomm Inc
NEE NextEra Energy Inc
ABT Abbott Laboratories

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.