High Correlation Stock Scalps For January 8

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By Stock Scalper | Published 01/5/2018 | Stocks | Unrated

High Correlation Stock Scalps For January 8

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
AMZN Amazon.com Inc
HPQ HP Inc
SLB Schlumberger Ltd
SBUX Starbucks Corp
ACN Accenture PLC (Ireland) NEW
EMR Emerson Electric Co
MA Mastercard Inc
V Visa Inc
HAL Halliburton Co
QCOM Qualcomm Inc
FB Facebook Inc
COP ConocoPhillips
MON Monsanto Co
LLY Lilly (Eli)

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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