High Correlation Stock Scalps For February 12

Popular Articles

By Stock Scalper | Published 02/11/2015 | Stocks | Unrated

High Correlation Stock Scalps For February 12

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).

HON Honeywell Intl
TXN Texas Instruments
LMT Lockheed Martin
UNH UnitedHealth Grp Inc
CVS CVS Health Corp
GOOGL Google Inc Cl A
GOOG Google Inc Cl C Cap Stock
INTC Intel Corp
AXP American Express Co
HD Home Depot Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.