High Correlation Stock Scalps For October 2

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By Stock Scalper | Published 10/1/2013 | Stocks | Unrated

High Correlation Stock Scalps For October 2

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).

MO Altria Group
MS Morgan Stanley
EMR Emerson Electric Co
UNP Union Pacific Corporation
NOV National Oilwell Varco Inc
COP ConocoPhillips
AAPL Apple Inc
AEP Amer Electric Pwr
NSC Norfolk Southern
UNH UnitedHealth Group Inc
CAT Caterpillar Inc
V Visa Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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