High Correlation Stock Scalps For January 14

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By Stock Scalper | Published 01/13/2014 | Stocks | Unrated

High Correlation Stock Scalps For January 14

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).

UPS United Parcel'B'
HD Home Depot Inc
SBUX Starbucks Corp
TXN Texas Instruments
MA Mastercard Incorporated
HON Honeywell Intl
AXP American Express Company
COF Capital One Financial
NKE Nike, Inc'B'
GM General Motors Company
JPM JPMorgan Chase & Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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