High Correlation Stock Scalps For May 18

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By Stock Scalper | Published 05/15/2015 | Stocks | Unrated

High Correlation Stock Scalps For May 18

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).

JNJ Johnson & Johnson
GS Goldman Sachs Grp
CVS CVS Health Corp
AAPL Apple Inc
PM Philip Morris Intl Inc
UTX United Technologies
SBUX Starbucks Corp
DIS Disney (Walt) Co
JPM JPMorgan Chase & Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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