High Correlation Stock Scalps For May 30

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By Stock Scalper | Published 05/26/2017 | Stocks | Unrated

High Correlation Stock Scalps For May 30

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).

MSFT Microsoft Corp
GD General Dynamics Corp
BK Bank of New York Mellon Corp
AXP American Express Co
MS Morgan Stanley

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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