High Correlation Stock Scalps For February 17

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By Stock Scalper | Published 02/13/2015 | Stocks | Unrated

High Correlation Stock Scalps For February 17

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
GE General Electric
AAPL Apple Inc
F Ford Motor
UPS United Parcel'B'
MDT Medtronic plc
DVN Devon Energy

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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