High Correlation Stock Scalps For March 24

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By Stock Scalper | Published 03/21/2014 | Stocks | Unrated

High Correlation Stock Scalps For March 24

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).

COP ConocoPhillips
PFE Pfizer Inc
UNP Union Pacific Corporation
GM General Motors Company
MDT Medtronic, Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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