High Correlation Stock Scalps For May 7

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By Stock Scalper | Published 05/6/2014 | Stocks | Unrated

High Correlation Stock Scalps For May 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).

SBUX Starbucks Corp
GOOG Google Inc Cl C Capital Stock
WFC Wells Fargo
ALL Allstate Corp
NKE Nike, Inc'B'
EBAY Ebay Inc
HD Home Depot Inc
COST Costco Wholesale
MET Metlife Inc
BAC Bank of America Corporation
MS Morgan Stanley

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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