High Correlation Stock Scalps For November 3

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By Stock Scalper | Published 10/31/2014 | Stocks | Unrated

High Correlation Stock Scalps For November 3

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).

LOW Lowe's Cos
AXP American Express Co
MET Metlife Inc
DOW Dow Chemical
T AT&T Inc
SLB Schlumberger Ltd
ORCL Oracle Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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