High Correlation Stock Scalps For February 16

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By Stock Scalper | Published 02/12/2021 | Stocks | Unrated

High Correlation Stock Scalps For February 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).

UNP Union Pacific Corp
PYPL PayPal Hldgs Inc
MDT Medtronic plc
DHR Danaher Corp
KO Coca-Cola Co
INTC Intel Corp
BAC Bank of America Corporation
JPM JPMorgan Chase & Co
ABT Abbott Laboratories
ADBE Adobe Inc
GE General Electric Co
AXP American Express Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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