High Correlation Stock Scalps For May 1

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By Stock Scalper | Published 04/28/2017 | Stocks | Unrated

High Correlation Stock Scalps For May 1

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).

CAT Caterpillar Inc
EMR Emerson Electric Co
ALL Allstate Corp
WFC Wells Fargo
BRK.B Berkshire Hathaway'B'
MRK Merck & Co
MS Morgan Stanley
USB US Bancorp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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