High Correlation Stock Scalps For November 26

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By Stock Scalper | Published 11/25/2013 | Stocks | Unrated

High Correlation Stock Scalps For November 26

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
UTX United Technologies
HON Honeywell Intl
ALL Allstate Corp
AIG Amer Intl Group
NSC Norfolk Southern
JPM JPMorgan Chase & Co
GILD Gilead Sciences
AAPL Apple Inc
KO Coca-Cola Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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