Stocks that move perfectly w/ S&P 500?

[monty21]

I day trade and my strategy basically consists of technical analysis associated with fading the S&P futures. I'm curious about the best method to learn which stocks best follow the S&P futures. Other than checking the BETA, what are some other methods?

I understand that the most ideal approach would include just a basic observation of particular stocks, but I want ones from a historical perspective.

Do you guys know of any stocks that generally follow the S&P futures the vast majority of the time (intraday...one minute time frame). The less divergence, the better. I don't care about the sector, industry, price, etc. Volume should be over 5 million shares traded a day though.

Thanks

NO AMEX STOCKS BTW

 

[dsq]

high vol dow30 stocks....like T,GE,VZ etc...

 

[cszulc]

SPY
(of course you knew that though!)

 

[Landis82]

OIH.

 

[derekdavid]

I went to their 2 hr seminar and had a productive seminar. Most of the people at the seminar were new to stock market and very few did options. They are a very good marketing company it appears to have good training. Only the $299 fee was mentioned. I am interested in options. After the $1,000 basic upgrade, there is an option upgrade for $5,000. A final upgrade can be purchased for $30,000.

 

[condorll]

Quote from cszulc:

SPY
(of course you knew that though!)

A bigger bang for your buck (than SPY) is SSO. 2 x the move of the S&P. Saddle up.

 

[monty21]

Quote from cszulc:

SPY
(of course you knew that though!)

Sorry I forget to mention that I can't trade AMEX stocks....so no ETFs....

BTW its basically impossible to fade SPY anyway because arbitrage makes it move at the exact time with the futures...but you knew that already!

 

[dsq]

Quote from derekdavid:

I went to their 2 hr seminar and had a productive seminar. Most of the people at the seminar were new to stock market and very few did options. They are a very good marketing company it appears to have good training. Only the $299 fee was mentioned. I am interested in options. After the $1,000 basic upgrade, there is an option upgrade for $5,000. A final upgrade can be purchased for $30,000.

screw trading, im getting into trading seminars...jesus,does 30k upgrade include lapdances?

 

[monty21]

Quote from derekdavid:

I went to their 2 hr seminar and had a productive seminar. Most of the people at the seminar were new to stock market and very few did options. They are a very good marketing company it appears to have good training. Only the $299 fee was mentioned. I am interested in options. After the $1,000 basic upgrade, there is an option upgrade for $5,000. A final upgrade can be purchased for $30,000.

good one......never been to a seminar in my life unfortunately or paid for anything equally ridiculous

 

[traderTX]

Monty, why not just pull up a correlation indicator? I think prophet charts have them, so I would bet other packages would too....I've seen them before....they just track correlation to the SPX and give you a %....you can sort through the stocks and week out all but the ones that say, have an average of at least 80% correlation.