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High Correlation Stock Scalps For October 24
http://www.tigersharktrading.com/articles/29378/1/High-Correlation-Stock-Scalps-For-October-24/Page1.html
By Stock Scalper
Published on 10/23/2014
 

Which stocks are most correlated to the S&P 500? Click for the whole list.


High Correlation Stock Scalps For October 24

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
V Visa Inc
TGT Target Corp
XOM Exxon Mobil
INTC Intel Corp
AAPL Apple Inc
USB US Bancorp
C Citigrp Inc
TXN Texas Instruments
GILD Gilead Sciences
LOW Lowe's Cos
CVX Chevron Corporation
FB Facebook Inc
FDX FedEx Corp
ABT Abbott Laboratories
HON Honeywell Intl
UNH UnitedHealth Grp Inc
BAC Bank of America Corporation
BRK.B Berkshire Hathaway'B'
ACN Accenture PLC (Ireland) NEW
GE General Electric
BAX Baxter Intl
MDT Medtronic, Inc
SLB Schlumberger Ltd
JNJ Johnson & Johnson
HAL Halliburton Co
GD General Dynamics Corp
MDLZ Mondelez Int'l Inc Cl A
GOOGL Google Inc Cl A
GOOG Google Inc Cl C Cap Stock
NOV National Oilwell Varco Inc
MRK Merck & Co
APA Apache Corp
CSCO Cisco Systems
F Ford Motor

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.