High Correlation Stock Scalps For February 21

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By Stock Scalper | Published 02/17/2017 | Stocks | Unrated

High Correlation Stock Scalps For February 21

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).

JPM JPMorgan Chase & Co
ALL Allstate Corp
USB US Bancorp
CELG Celgene Corp
COF Cap One Finl
AMGN Amgen Inc
ABBV AbbVie Inc
HON Honeywell Intl
T AT&T Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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