High Correlation Stock Scalps For January 16

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By Stock Scalper | Published 01/15/2014 | Stocks | Unrated

High Correlation Stock Scalps For January 16

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).

MSFT Microsoft Corp
MMM 3M Co
GE General Electric
ACN Accenture PLC (Ireland) NEW
IBM Intl Business Machines Corp
PFE Pfizer Inc
EMC EMC Corp
FCX Freeport-McMoRan Copper&Gold B
AMGN Amgen Inc
VZ Verizon Communications
USB US Bancorp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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