High Correlation Stock Scalps For June 5

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By Stock Scalper | Published 06/4/2014 | Stocks | Unrated

High Correlation Stock Scalps For June 5

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).

HON Honeywell Intl
HAL Halliburton Co
MDLZ Mondelez Int'l Inc Cl A
JNJ Johnson & Johnson
UNH UnitedHealth Group Inc
TGT Target Corp
SBUX Starbucks Corp
USB US Bancorp
COST Costco Wholesale
WAG Walgreen Co
GM General Motors Company
AMGN Amgen Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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