High Correlation Stock Scalps For November 6

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By Stock Scalper | Published 11/3/2017 | Stocks | Unrated

High Correlation Stock Scalps For November 6

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).

GOOGL Alphabet Inc Cl A
GOOG Alphabet Inc Cl C Cap Stock
MRK Merck & Co
COP ConocoPhillips
PYPL PayPal Hldgs Inc
HAL Halliburton Co
AAPL Apple Inc
ABT Abbott Laboratories
TXN Texas Instruments
V Visa Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.

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