High Correlation Stock Scalps For April 24

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By Stock Scalper | Published 04/23/2014 | Stocks | Unrated

High Correlation Stock Scalps For April 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).

HD Home Depot Inc
MET Metlife Inc
JNJ Johnson & Johnson
NKE Nike, Inc'B'
GILD Gilead Sciences
ABT Abbott Laboratories
WAG Walgreen Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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