High Correlation Stock Scalps For September 8

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By Stock Scalper | Published 09/5/2014 | Stocks | Unrated

High Correlation Stock Scalps For September 8

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).

WFC Wells Fargo
JPM JPMorgan Chase & Co
HON Honeywell Intl
MMM 3M Co
GS Goldman Sachs Grp
AXP American Express Co
COF Cap One Finl
USB US Bancorp
MS MS
GE General Electric

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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