High Correlation Stock Scalps For July 22

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By Stock Scalper | Published 07/19/2013 | Stocks | Unrated

High Correlation Stock Scalps For July 22

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).

MS Morgan Stanley
WAG Walgreen Co
BAC Bank of America Corporation
FDX FedEx Corp
BA Boeing Co
DOW Dow Chemical

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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