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High Correlation Stock Scalps For January 9
http://www.tigersharktrading.com/articles/34012/1/High-Correlation-Stock-Scalps-For-January-9/Page1.html
By Stock Scalper
Published on 01/6/2017
 

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


High Correlation Stock Scalps For January 9

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).

NKE Nike Inc Cl B
IBM Intl Business Machines Corp
SLB Schlumberger Ltd
FOX Twenty-First Century Fox Inc B
BA Boeing Co
FOXA Twenty-First Century Fox Inc A
DIS Disney (Walt) Co
FDX FedEx Corp
PCLN The Priceline Grp Inc
V Visa Inc
FB Facebook Inc
MS Morgan Stanley
ABT Abbott Laboratories
GOOG Alphabet Inc Cl C Cap Stock
KMI Kinder Morgan Inc
GOOGL Alphabet Inc Cl A
SPG Simon Ppty Grp
UTX United Technologies
HON Honeywell Intl
NSC Norfolk Southern
SBUX Starbucks Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.