High Correlation Stock Scalps For November 7

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By Stock Scalper | Published 11/6/2013 | Stocks | Unrated

High Correlation Stock Scalps For November 7

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
LMT Lockheed Martin
PM Philip Morris Intl Inc
MO Altria Group
UNP Union Pacific Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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