High Correlation Stock Scalps For January 13

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By Stock Scalper | Published 01/10/2014 | Stocks | Unrated

High Correlation Stock Scalps For January 13

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).

SBUX Starbucks Corp
FDX FedEx Corp
CMCSA Comcast Cl'A'
PEP Pepsico Inc
HD Home Depot Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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