High Correlation Stock Scalps For July 17

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By Stock Scalper | Published 07/16/2014 | Stocks | Unrated

High Correlation Stock Scalps For July 17

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).

MMM 3M Co
EMC EMC Corp
GE General Electric
MS MS
DOW Dow Chemical
NSC Norfolk Southern
FDX FedEx Corp
F Ford Motor
EMR Emerson Electric Co
HAL Halliburton Co
HPQ Hewlett-Packard

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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