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High Correlation Stock Scalps For February 1
By Stock Scalper | Published  01/29/2021 | Stocks | Unrated
High Correlation Stock Scalps For February 1

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).

HD Home Depot Inc
MS Morgan Stanley
BAC Bank of America Corporation
V Visa Inc
GS Goldman Sachs Grp
ACN Accenture PLC (Ireland) NEW
UPS United Parcel Service Inc
AIG Amer Intl Grp
FDX FedEx Corp
MET Metlife Inc
BMY Bristol-Myers SQUIBB
ADBE Adobe Inc
EMR Emerson Electric Co
MDT Medtronic plc
PG Procter & Gamble Co
BK Bank of New York Mellon Corp
BA Boeing Co
COST Costco Wholesale Corp
COP ConocoPhillips
USB US Bancorp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.