High Correlation Stock Scalps For July 24

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By Stock Scalper | Published 07/21/2017 | Stocks | Unrated

High Correlation Stock Scalps For July 24

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).

CSCO Cisco Systems
MS Morgan Stanley
DVN Devon Energy
AAPL Apple Inc
UPS United Parcel'B'
ALL Allstate Corp
PCLN The Priceline Grp Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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