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High Correlation Stock Scalps For August 2
By Stock Scalper | Published  07/30/2021 | Stocks | Unrated
High Correlation Stock Scalps For August 2

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).

JNJ Johnson & Johnson
ABT Abbott Laboratories
LLY Eli Lilly and Co
MCD McDonald's Corp
NKE Nike Inc Cl B
HD Home Depot Inc
CSCO Cisco Systems
FB Facebook Inc
BMY Bristol-Myers SQUIBB
IBM Intl Business Machines Corp
ADBE Adobe Inc
TGT Target Corp
GOOGL Alphabet Inc Cl A
MDT Medtronic plc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.