High Correlation Stock Scalps For May 2

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By Stock Scalper | Published 05/1/2014 | Stocks | Unrated

High Correlation Stock Scalps For May 2

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).

AIG Amer Intl Group
QCOM Qualcomm Inc
FDX FedEx Corp
GILD Gilead Sciences
WFC Wells Fargo
LMT Lockheed Martin
ABBV AbbVie Inc
V Visa Inc
DIS Disney (Walt) Co
GS Goldman Sachs Group
MS Morgan Stanley

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.