High Correlation Stock Scalps For January 23

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By Stock Scalper | Published 01/20/2017 | Stocks | Unrated

High Correlation Stock Scalps For January 23

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).

COF Cap One Finl
BRK.B Berkshire Hathaway'B'
GOOGL Alphabet Inc Cl A
TXN Texas Instruments
DOW Dow Chemical
MET Metlife Inc
PFE Pfizer Inc
CSCO Cisco Systems

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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