High Correlation Stock Scalps For February 22

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By Stock Scalper | Published 02/19/2016 | Stocks | Unrated

High Correlation Stock Scalps For February 22

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).

BIIB Biogen Inc
MET Metlife Inc
DD Dupont(E.I.)Denemours
GOOG Alphabet Inc Cl C Cap Stock
AMZN Amazon.com Inc
V Visa Inc
GOOGL Alphabet Inc Cl A
CAT Caterpillar Inc
BAC Bank of America Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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