High Correlation Stock Scalps For July 22

Popular Articles

By Stock Scalper | Published 07/21/2014 | Stocks | Unrated

High Correlation Stock Scalps For July 22

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).

DVN Devon Energy
MMM 3M Co
CAT Caterpillar Inc
JPM JPMorgan Chase & Co
EMR Emerson Electric Co
MET Metlife Inc
OXY Occidental Petro
MA Mastercard Inc
UNP Union Pacific Corp
CVS CVS Caremark Corporation
CSCO Cisco Systems

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.