High Correlation Stock Scalps For October 30

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By Stock Scalper | Published 10/27/2017 | Stocks | Unrated

High Correlation Stock Scalps For October 30

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).

FB Facebook Inc
DVN Devon Energy
TXN Texas Instruments
MCD McDonald's Corp
APC Anadarko Petro
AAPL Apple Inc
MS Morgan Stanley
HAL Halliburton Co
INTC Intel Corp
EMR Emerson Electric Co
AMZN Amazon.com Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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