High Correlation Stock Scalps For December 24

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By Stock Scalper | Published 12/23/2014 | Stocks | Unrated

High Correlation Stock Scalps For December 24

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).

ALL Allstate Corp
V Visa Inc
TWX Time Warner
HD Home Depot Inc
BK Bank of New York Mellon Corp
CVS CVS Health Corp
DIS Disney (Walt) Co
INTC Intel Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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