High Correlation Stock Scalps For July 31

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By Stock Scalper | Published 07/28/2017 | Stocks | Unrated

High Correlation Stock Scalps For July 31

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
ORCL Oracle Corp
ACN Accenture PLC (Ireland) NEW
CMCSA Comcast Cl A
TXN Texas Instruments
AGN Allergan plc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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