High Correlation Stock Scalps For December 11

Popular Articles

By Stock Scalper | Published 12/8/2017 | Stocks | Unrated

High Correlation Stock Scalps For December 11

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).

F Ford Motor
GS Goldman Sachs Grp
UNH UnitedHealth Grp Inc
COP ConocoPhillips
FDX FedEx Corp
LLY Lilly (Eli)
DVN Devon Energy
ORCL Oracle Corp
APC Anadarko Petro
LOW Lowe's Cos
RTN Raytheon Co
BAC Bank of America Corporation
EMR Emerson Electric Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.