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High Correlation Stock Scalps For April 19
By Stock Scalper | Published  04/16/2021 | Stocks | Unrated
High Correlation Stock Scalps For April 19

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).

CHTR Charter Communications Inc
AMGN Amgen Inc
COST Costco Wholesale Corp
ADBE Adobe Inc
ABT Abbott Laboratories
MSFT Microsoft Corp
UNH UnitedHealth Grp Inc
MRK Merck & Co
HD Home Depot Inc
CMCSA Comcast Cl A
ORCL Oracle Corp
MA Mastercard Inc
MDT Medtronic plc
V Visa Inc
SBUX Starbucks Corp
DUK Duke Energy Corporation
PFE Pfizer Inc
NEE NextEra Energy Inc
NVDA Nvidia Corp
LOW Lowe's Cos, Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.