High Correlation Stock Scalps For August 1

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By Stock Scalper | Published 07/31/2013 | Stocks | Unrated

High Correlation Stock Scalps For August 1

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).

PG Procter & Gamble
MMM 3M Co
HON Honeywell Intl
DD Dupont(E.I.)Denemours
UTX United Technologies
MDT Medtronic, Inc
PM Philip Morris Intl Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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