High Correlation Stock Scalps For November 12

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

High Correlation Stock Scalps For November 12

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).

HON Honeywell Intl
MA Mastercard Incorporated
COP ConocoPhillips
DOW Dow Chemical
CSCO Cisco Systems
CAT Caterpillar Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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