High Correlation Stock Scalps For October 1

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By Stock Scalper | Published 09/30/2013 | Stocks | Unrated

High Correlation Stock Scalps For October 1

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).

XOM Exxon Mobil
MMM 3M Co
MS Morgan Stanley
WFC Wells Fargo
VZ Verizon Communications
V Visa Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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