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High Correlation Stock Scalps For October 30
By Stock Scalper | Published  10/29/2013 | Stocks | Unrated
High Correlation Stock Scalps For October 30

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).

MCD McDonald's Corp
HAL Halliburton Co
MMM 3M Co
RTN Raytheon Co
UPS United Parcel'B'
FDX FedEx Corp
ORCL Oracle Corp
PEP Pepsico Inc
PM Philip Morris Intl Inc
T AT&T Inc
IBM Intl Business Machines Corp
GM General Motors Company
JNJ Johnson & Johnson
MO Altria Group
HD Home Depot Inc
LOW Lowe's Cos

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.