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High Correlation Stock Scalps For July 10
http://www.tigersharktrading.com/articles/35072/1/High-Correlation-Stock-Scalps-For-July-10/Page1.html
By Stock Scalper
Published on 07/7/2017
 

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


High Correlation Stock Scalps For July 10

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).

FDX FedEx Corp
UPS United Parcel'B'
AXP American Express Co
LOW Lowe's Cos
BMY Bristol-Myers SQUIBB
FOX Twenty-First Century Fox Inc B
COF Cap One Finl

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.