High Correlation Stock Scalps For January 19

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By Stock Scalper | Published 01/15/2021 | Stocks | Unrated

High Correlation Stock Scalps For January 19

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).
USB US Bancorp
AAPL Apple Inc
NVDA Nvidia Corp
BLK Blackrock Inc'A'
UPS United Parcel Service Inc
KO Coca-Cola Co
TXN Texas Instruments
ADBE Adobe Inc
PG Procter & Gamble Co
WMT Walmart Inc
DOW Dow Inc
MDT Medtronic plc
CL Colgate-Palmolive Co
BKNG Booking Hldgs Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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