High Correlation Stock Scalps For May 6

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By Stock Scalper | Published 05/5/2014 | Stocks | Unrated

High Correlation Stock Scalps For May 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).

WFC Wells Fargo
MMM 3M Co
ALL Allstate Corp
EMC EMC Corp
AIG Amer Intl Group
SBUX Starbucks Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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