High Correlation Stock Scalps For May 9

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By Stock Scalper | Published 05/8/2014 | Stocks | Unrated

High Correlation Stock Scalps For May 9

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).

HPQ Hewlett-Packard
MSFT Microsoft Corp
WFC Wells Fargo
EMR Emerson Electric Co
C Citigroup Inc
TXN Texas Instruments
SBUX Starbucks Corp
USB US Bancorp
MS Morgan Stanley

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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