High Correlation Stock Scalps For July 30

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By Stock Scalper | Published 07/29/2013 | Stocks | Unrated

High Correlation Stock Scalps For July 30

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).

MMM 3M Co
CVS CVS Caremark Corporation
HON Honeywell Intl
USB US Bancorp
MET Metlife Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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