High Correlation Stock Scalps For March 2

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By Stock Scalper | Published 02/27/2015 | Stocks | Unrated

High Correlation Stock Scalps For March 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).

BRK.B Berkshire Hathaway'B'
WFC Wells Fargo
BK Bank of New York Mellon Corp
GS Goldman Sachs Grp
HD Home Depot Inc
MET Metlife Inc
MA Mastercard Inc
USB US Bancorp
CAT Caterpillar Inc
APC Anadarko Petro
ACN Accenture PLC (Ireland) NEW

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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