High Correlation Stock Scalps For October 10

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By Stock Scalper | Published 10/7/2016 | Stocks | Unrated

High Correlation Stock Scalps For October 10

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).

CSCO Cisco Systems
IBM Intl Business Machines Corp
HPQ HP Inc
CAT Caterpillar Inc
TWX Time Warner
DVN Devon Energy
XOM Exxon Mobil
ORCL Oracle Corp
V Visa Inc
GM General Motors Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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