High Correlation Stock Scalps For March 7

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By Stock Scalper | Published 03/6/2014 | Stocks | Unrated

High Correlation Stock Scalps For March 7

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).

DD Dupont(E.I.)Denemours
USB US Bancorp
DOW Dow Chemical
ABBV AbbVie Inc
MET Metlife Inc
C Citigroup Inc
GOOG Google Inc Cl A
BMY Bristol-Myers SQUIBB
BAC Bank of America Corporation
FCX Freeport-McMoRan Copper&Gold B

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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