|High Correlation Stock Scalps For October 2
|By Stock Scalper |
High Correlation Stock Scalps For October 2
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).
GOOG Alphabet Inc Cl C Cap Stock
INTC Intel Corp
MSFT Microsoft Corp
TXN Texas Instruments
FB Facebook Inc
HD Home Depot Inc
HAL Halliburton Co
WFC Wells Fargo
LLY Lilly (Eli)
LOW Lowe's Cos
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.