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High Correlation Stock Scalps For December 28
By Stock Scalper | Published  12/24/2020 | Stocks | Unrated
High Correlation Stock Scalps For December 28

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).
ALL Allstate Corp
INTC Intel Corp
UNP Union Pacific Corp
MDLZ Mondelez Int'l Inc Cl A
KO Coca-Cola Co
PG Procter & Gamble Co
IBM Intl Business Machines Corp
SPG Simon Ppty Grp
CMCSA Comcast Cl A
MA Mastercard Inc
V Visa Inc
COST Costco Wholesale Corp
LMT Lockheed Martin Corp
UNH UnitedHealth Grp Inc
PEP Pepsico Inc
GD General Dynamics Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.