High Correlation Stock Scalps For November 6 |
By Stock Scalper |
Published
11/5/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For November 6
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).
MET Metlife Inc WFC Wells Fargo BAC Bank of America Corporation JPM JPMorgan Chase & Co CMCSA Comcast Cl'A' HON Honeywell Intl CVS CVS Health Corp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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