okay, if AAPL is to NDX movement...what is to the SPX(SP 500)...XOM,IBM,MSFT???what is the 'stock' to follow when daytrading the ES (emini sp)...anything else?...in another post we already discussed the huge impact on the NDX/QQQQ that AAPL,GOOG,RIMM has...what about for SPX(SP 500)...what are the stocks?...XOM,IBM,MSFT...or??????????
Exxon Mobil Corp N/A 3.69 General Electric Co N/A 3.05 At&T Inc N/A 1.87 Microsoft Corp N/A 1.85 Citigroup Inc N/A 1.77 Bank Of America Corporation N/A 1.72 Procter & Gamble Co N/A 1.57 Cisco Sys Inc N/A 1.48 Chevron Corp New N/A 1.44 Johnson & Johnson N/A 1.37
Just ask a pairs-trader which large-cap stock has the highest correlation to the index you're interested in.