Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
High Correlation Stock Scalps For August 23
http://www.tigersharktrading.com/articles/42736/1/High-Correlation-Stock-Scalps-For-August-23/Page1.html
By Stock Scalper
Published on 08/20/2021
 

Which stocks are most correlated to the S&P 500? Click for the whole list.


High Correlation Stock Scalps For August 23

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).

TGT Target Corp
AAPL Apple Inc
GOOGL Alphabet Inc Cl A
FB Facebook Inc
BLK Blackrock Inc'A'
GD General Dynamics Corp
DUK Duke Energy Corporation
MCD McDonald's Corp
EMR Emerson Electric Co
TXN Texas Instruments
PYPL PayPal Hldgs Inc
DIS Disney (Walt) Co
QCOM Qualcomm Inc
AMZN Amazon.com Inc
ALL Allstate Corp
GOOG Alphabet Inc Cl C Cap Stock
IBM Intl Business Machines Corp
PM Philip Morris Intl Inc
V Visa Inc
KO Coca-Cola Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.