|High Correlation Stock Scalps For October 16
|By Stock Scalper |
High Correlation Stock Scalps For October 16
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).
TGT Target Corp
GOOGL Alphabet Inc Cl A
EXC Exelon Corp
GOOG Alphabet Inc Cl C Cap Stock
BK Bank of New York Mellon Corp
AMZN Amazon.com Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.