High Correlation Stock Scalps For June 20

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By Stock Scalper | Published 06/19/2014 | Stocks | Unrated

High Correlation Stock Scalps For June 20

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).

COST Costco Wholesale
HAL Halliburton Co
GS Goldman Sachs Group
NKE Nike, Inc'B'
HD Home Depot Inc
COF Capital One Financial

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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