High Correlation Stock Scalps For January 22

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By Stock Scalper | Published 01/21/2014 | Stocks | Unrated

High Correlation Stock Scalps For January 22

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
F Ford Motor
SPG Simon Property Group
T AT&T Inc
CAT Caterpillar Inc
JPM JPMorgan Chase & Co
ORCL Oracle Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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