High Correlation Stock Scalps For August 22

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By Stock Scalper | Published 08/19/2016 | Stocks | Unrated

High Correlation Stock Scalps For August 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).

UTX United Technologies
CL Colgate-Palmolive Co
MRK Merck & Co
MSFT Microsoft Corp
TXN Texas Instruments
WBA Walgreen Boots Alliance Inc
HON Honeywell Intl
MDLZ Mondelez Int'l Inc Cl A

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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