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High Correlation Stock Scalps For April 26
By Stock Scalper | Published  04/23/2021 | Stocks | Unrated
High Correlation Stock Scalps For April 26

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).

TXN Texas Instruments
QCOM Qualcomm Inc
BRK.B Berkshire Hathaway'B'
DD DuPont de Nemours Inc
MSFT Microsoft Corp
EMR Emerson Electric Co
BK Bank of New York Mellon Corp
GD General Dynamics Corp
MS Morgan Stanley
UNP Union Pacific Corp
KMI Kinder Morgan Inc
SPG Simon Ppty Grp
BAC Bank of America Corporation
WFC Wells Fargo & Company
BLK Blackrock Inc'A'
MET Metlife Inc
GM General Motors Co
AIG Amer Intl Grp
SBUX Starbucks Corp
OXY Occidental Petro Corp
USB US Bancorp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.