High Correlation Stock Scalps For October 24

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By Stock Scalper | Published 10/23/2013 | Stocks | Unrated

High Correlation Stock Scalps For October 24

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).

AMZN Amazon.com Inc
MA Mastercard Incorporated
EMR Emerson Electric Co
AXP American Express Company
UPS United Parcel'B'
MMM 3M Co
CVX Chevron Corporation
ACN Accenture PLC (Ireland) NEW
AIG Amer Intl Group

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.