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High Correlation Stock Scalps For October 28
By Stock Scalper | Published  10/27/2014 | 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).

JPM JPMorgan Chase & Co
WFC Wells Fargo
CSCO Cisco Systems
INTC Intel Corp
GD General Dynamics Corp
USB US Bancorp
AAPL Apple Inc
MMM 3M Co
LMT Lockheed Martin
JNJ Johnson & Johnson
WAG Walgreen Co
ACN Accenture PLC (Ireland) NEW
BRK.B Berkshire Hathaway'B'
TXN Texas Instruments
QCOM Qualcomm Inc
GS Goldman Sachs Grp
UTX United Technologies
AXP American Express Co
ALL Allstate Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.