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High Correlation Stock Scalps For January 16
By Stock Scalper | Published  01/12/2018 | Stocks | Unrated
High Correlation Stock Scalps For January 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).

TXN Texas Instruments
RTN Raytheon Co
CSCO Cisco Systems
MA Mastercard Inc
HON Honeywell Intl
MRK Merck & Co
TGT Target Corp
ACN Accenture PLC (Ireland) NEW
BA Boeing Co
CVX Chevron Corporation
DIS Disney (Walt) Co
AAPL Apple Inc
UPS United Parcel'B'
BRK.B Berkshire Hathaway'B'
BAC Bank of America Corporation
SLB Schlumberger Ltd
LMT Lockheed Martin Corp
UTX United Technologies

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