High Correlation Stock Scalps For June 12

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By Stock Scalper | Published 06/9/2017 | Stocks | Unrated

High Correlation Stock Scalps For June 12

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).

PYPL PayPal Hldgs Inc
HON Honeywell Intl
CAT Caterpillar Inc
CSCO Cisco Systems
FB Facebook Inc
UNP Union Pacific Corp
UTX United Technologies
BA Boeing Co
MON Monsanto Co
GD General Dynamics Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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