High Correlation Stock Scalps For May 31

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By Stock Scalper | Published 05/27/2016 | Stocks | Unrated

High Correlation Stock Scalps For May 31

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).

AMGN Amgen Inc
MDLZ Mondelez Int'l Inc Cl A
IBM Intl Business Machines Corp
ABT Abbott Laboratories

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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