|High Correlation Stock Scalps For October 9
|By Stock Scalper |
High Correlation Stock Scalps For October 9
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).
ABT Abbott Laboratories
C Citigrp Inc
BK Bank of New York Mellon Corp
BAC Bank of America Corporation
COF Cap One Finl
MDT Medtronic plc
MET Metlife Inc
ALL Allstate Corp
MS Morgan Stanley
BRK.B Berkshire Hathaway'B'
MA Mastercard Inc
AIG Amer Intl Grp
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.