High Correlation Stock Scalps For October 28

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By Stock Scalper | Published 10/25/2013 | Stocks | Unrated

High Correlation Stock Scalps For October 28

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).

EMR Emerson Electric Co
WMB Williams Companies
UPS United Parcel'B'
AXP American Express Company
HPQ Hewlett-Packard
COP ConocoPhillips
DD Dupont(E.I.)Denemours

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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