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High Correlation Stock Scalps For October 20
By Stock Scalper | Published  10/17/2014 | Stocks | Unrated
High Correlation Stock Scalps For October 20

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).

MET Metlife Inc
XOM Exxon Mobil
LOW Lowe's Cos
BK Bank of New York Mellon Corp
BAC Bank of America Corporation
SBUX Starbucks Corp
USB US Bancorp
WFC Wells Fargo
GILD Gilead Sciences
DOW Dow Chemical
DVN Devon Energy
AMZN Amazon.com Inc
GS Goldman Sachs Grp
EXC Exelon Corp
MDLZ Mondelez Int'l Inc Cl A
JPM JPMorgan Chase & Co
INTC Intel Corp
C Citigrp Inc
NSC Norfolk Southern
QCOM Qualcomm Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.