High Correlation Stock Scalps For July 30

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By Stock Scalper | Published 07/29/2014 | Stocks | Unrated

High Correlation Stock Scalps For July 30

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).

AXP American Express Co
F Ford Motor
SLB Schlumberger Ltd
MET Metlife Inc
TXN Texas Instruments
MDLZ Mondelez Int'l Inc Cl A
BRK.B Berkshire Hathaway'B'
RTN Raytheon Co
BA Boeing Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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