Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
High Correlation Stock Scalps For December 19
http://www.tigersharktrading.com/articles/33918/1/High-Correlation-Stock-Scalps-For-December-19/Page1.html
By Stock Scalper
Published on 12/16/2016
 

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


High Correlation Stock Scalps For December 19

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).

ACN Accenture PLC (Ireland) NEW
QCOM Qualcomm Inc
NKE Nike Inc Cl B
HPQ HP Inc
BRK.B Berkshire Hathaway'B'
GOOGL Alphabet Inc Cl A
WMT Wal-Mart Stores
MET Metlife Inc
CAT Caterpillar Inc
GOOG Alphabet Inc Cl C Cap Stock
PCLN The Priceline Grp Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.