High Correlation Stock Scalps For June 2

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By Stock Scalper | Published 05/30/2014 | Stocks | Unrated

High Correlation Stock Scalps For June 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).

INTC Intel Corp
HON Honeywell Intl
MDT Medtronic, Inc
BA Boeing Co
SLB Schlumberger Ltd
DVN Devon Energy
NKE Nike, Inc'B'

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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