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High Correlation Stock Scalps For April 18
http://www.tigersharktrading.com/articles/32481/1/High-Correlation-Stock-Scalps-For-April-18/Page1.html
By Stock Scalper
Published on 04/15/2016
 

Which stocks are most correlated to the S&P 500? Click for the whole list.


High Correlation Stock Scalps For April 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).

USB US Bancorp
JPM JPMorgan Chase & Co
AIG Amer Intl Grp
MS Morgan Stanley
BAC Bank of America Corporation
GS Goldman Sachs Grp
MET Metlife Inc
BK Bank of New York Mellon Corp
AXP American Express Co
ORCL Oracle Corp
MRK Merck & Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.