High Correlation Stock Scalps For January 17

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By Stock Scalper | Published 01/16/2014 | Stocks | Unrated

High Correlation Stock Scalps For January 17

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).

MMM 3M Co
DD Dupont(E.I.)Denemours
HAL Halliburton Co
EMR Emerson Electric Co
APC Anadarko Petroleum
FDX FedEx Corp
UTX United Technologies
RTN Raytheon Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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