Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
High Correlation Stock Scalps For September 23
http://www.tigersharktrading.com/articles/29155/1/High-Correlation-Stock-Scalps-For-September-23/Page1.html
By Stock Scalper
Published on 09/22/2014
 

Which stocks are most correlated to the S&P 500? Click for the whole list.


High Correlation Stock Scalps For September 23

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).

LOW Lowe's Cos
BK Bank of New York Mellon Corp
NKE Nike, Inc'B'
GE General Electric
EMR Emerson Electric Co
UTX United Technologies
INTC Intel Corp
PFE Pfizer Inc
TWX Time Warner
UPS United Parcel'B'
DIS Disney (Walt) Co
MDLZ Mondelez Int'l Inc Cl A
SBUX Starbucks Corp
MS MS
V Visa Inc
DOW Dow Chemical
ABBV AbbVie Inc
CMCSA Comcast Cl'A'
F Ford Motor
HON Honeywell Intl

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.