|High Correlation Stock Scalps For December 26
|By Stock Scalper |
High Correlation Stock Scalps For December 26
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).
BRK.B Berkshire Hathaway'B'
BK Bank of New York Mellon Corp
USB US Bancorp
C Citigrp Inc
MS Morgan Stanley
MRK Merck & Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.