High Correlation Stock Scalps For March 6

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By Stock Scalper | Published 03/5/2014 | Stocks | Unrated

High Correlation Stock Scalps For March 6

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).

USB US Bancorp
BK Bank Of New York
UTX United Technologies
RTN Raytheon Co
OXY Occidental Petroleum
GD General Dynamics Corp
HPQ Hewlett-Packard

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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