High Correlation Stock Scalps For January 21

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By Stock Scalper | Published 01/17/2014 | Stocks | Unrated

High Correlation Stock Scalps For January 21

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
EMR Emerson Electric Co
BAC Bank of America Corporation
SPG Simon Property Group
CAT Caterpillar Inc
AAPL Apple Inc
APC Anadarko Petroleum

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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