|High Correlation Stock Scalps For December 11
|By Stock Scalper |
High Correlation Stock Scalps For December 11
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
GS Goldman Sachs Grp
UNH UnitedHealth Grp Inc
FDX FedEx Corp
LLY Lilly (Eli)
DVN Devon Energy
ORCL Oracle Corp
APC Anadarko Petro
LOW Lowe's Cos
RTN Raytheon Co
BAC Bank of America Corporation
EMR Emerson Electric Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.