High Correlation Stock Scalps For December 2

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By Stock Scalper | Published 12/1/2014 | Stocks | Unrated

High Correlation Stock Scalps For December 2

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).

USB US Bancorp
BK Bank of New York Mellon Corp
MET Metlife Inc
BAC Bank of America Corporation
GOOG Google Inc Cl C Cap Stock
CAT Caterpillar Inc
WFC Wells Fargo
FCX Freeport-McMoRan Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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