High Correlation Stock Scalps For October 22

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By Stock Scalper | Published 10/21/2013 | Stocks | Unrated

High Correlation Stock Scalps For October 22

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).

AIG Amer Intl Group
NOV National Oilwell Varco Inc
HPQ Hewlett-Packard
F Ford Motor
FCX Freeport-McMoRan Copper&Gold B
AMZN Amazon.com Inc
CVS CVS Caremark Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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