High Correlation Stock Scalps For February 27

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By Stock Scalper | Published 02/26/2014 | Stocks | Unrated

High Correlation Stock Scalps For February 27

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).

UTX United Technologies
WFC Wells Fargo
XOM Exxon Mobil
SLB Schlumberger Ltd
DIS Disney (Walt) Co
MDT Medtronic, Inc
RTN Raytheon Co
HON Honeywell Intl
HAL Halliburton Co
OXY Occidental Petroleum

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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