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High Correlation Stock Scalps For October 23
By Stock Scalper | Published  10/20/2017 | Stocks | Unrated
High Correlation Stock Scalps For October 23

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
BAC Bank of America Corporation
MSFT Microsoft Corp
NSC Norfolk Southern
COF Cap One Finl
TGT Target Corp
HON Honeywell Intl
MS Morgan Stanley
FOXA Twenty-First Century Fox Inc A
LLY Lilly (Eli)
WMT Wal-Mart Stores
BA Boeing Co
COST Costco Wholesale Corp
ABT Abbott Laboratories
TXN Texas Instruments

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