High Correlation Stock Scalps For December 27

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By Stock Scalper | Published 12/23/2016 | Stocks | Unrated

High Correlation Stock Scalps For December 27

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).

AAPL Apple Inc
COST Costco Wholesale Corp
BAC Bank of America Corporation
INTC Intel Corp
MS Morgan Stanley
FB Facebook Inc
QCOM Qualcomm Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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