Here is an article for new traders that may give you some ideas. The article discussed a Google / Nasdaq correlation trade. http://www.optionsweekly.com/day-trading-google Enjoy!
Terrible article. When Goog or any stock for that matter is only up 1.5% in a 2.5% market that is relative weakness... the higher probability trade is shorting on pullbacks when market and stock are in resistance. However the highest probability trade is looking to go long on relative strength in stocks that are leading the market for the day on pullbacks into demand. The trader falls well short of the market and is extremely poor advice for novice traders... the lowest probability setup for success is buying laggards intraday... over a large sample size of trades you will lose....bottom line.