|High Correlation Stock Scalps For December 18
|By Stock Scalper |
High Correlation Stock Scalps For December 18
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).
MS Morgan Stanley
JPM JPMorgan Chase & Co
BAC Bank of America Corporation
WFC Wells Fargo
F Ford Motor
BK Bank of New York Mellon Corp
GS Goldman Sachs Grp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.