High Correlation Stock Scalps For July 25

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By Stock Scalper | Published 07/24/2014 | Stocks | Unrated

High Correlation Stock Scalps For July 25

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).

JPM JPMorgan Chase & Co
GS Goldman Sachs Grp
COP ConocoPhillips
MS MS
LLY Lilly (Eli)
WAG Walgreen Co
BIIB Biogen Idec
FB Facebook Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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