High Correlation Stock Scalps For December 2

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By Stock Scalper | Published 11/29/2013 | Stocks | Unrated

High Correlation Stock Scalps For December 2

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).

WMT Wal-Mart Stores
UPS United Parcel'B'
CVS CVS Caremark Corporation
MMM 3M Co
V Visa Inc
MSFT Microsoft Corp
NSC Norfolk Southern
HD Home Depot Inc
QCOM Qualcomm Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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