High Correlation Stock Scalps For January 16

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By Stock Scalper | Published 01/13/2017 | Stocks | Unrated

High Correlation Stock Scalps For January 16

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).

MET Metlife Inc
BK Bank of New York Mellon Corp
GOOG Alphabet Inc Cl C Cap Stock
ALL Allstate Corp
BRK.B Berkshire Hathaway'B'
WFC Wells Fargo
COF Cap One Finl

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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