High Correlation Stock Scalps For February 28

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By Stock Scalper | Published 02/27/2014 | Stocks | Unrated

High Correlation Stock Scalps For February 28

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
MRK Merck & Co
MDT Medtronic, Inc
HON Honeywell Intl
MMM 3M Co
F Ford Motor
PFE Pfizer Inc
IBM Intl Business Machines Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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