High Correlation Stock Scalps For November 13

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By Stock Scalper | Published 11/12/2013 | Stocks | Unrated

High Correlation Stock Scalps For November 13

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).

MA Mastercard Incorporated
DOW Dow Chemical
AMZN Amazon.com Inc
GM General Motors Company
XOM Exxon Mobil
NKE Nike, Inc'B'
GS Goldman Sachs Group
HON Honeywell Intl
TWX Time Warner
MS Morgan Stanley
ABBV AbbVie Inc
COP ConocoPhillips
EMR Emerson Electric Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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