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 sectors are most correlated the S&P 500 SPDR ETF (SPY).

XLK Technology Select Sector SPDR Fund
XLE Energy Select Sector SPDR Fund
XLF Financial Select Sector SPDR Fund
XLI Industrial Select Sector SPDR Fund
XLU Utilities Select Sector SPDR Fund

The following individual stocks are most correlated the S&P 500 SPDR ETF (SPY).

APA Apache Corp
SBUX Starbucks Corp
DVN Devon Energy Corp
IBM International Business Machines Corp
MCD McDonald's Corporation
GS Goldman Sachs Group Inc
ACN Accenture PLC
DD E I du Pont de Nemours and Co
MSFT Microsoft Corp
NKE Nike Inc
BK The Bank of New York Mellon Corp
MA MasterCard Inc
CVX Chevron Corp
MON Monsanto Co
OXY Occidental Petroleum Corp
WFC Wells Fargo & Company
MO Altria Group Inc
COP ConocoPhillips
MET MetLife Inc
FCX Freeport-McMoRan Copper & Gold Inc
AEP American Elec Pwr Co Inc
SLB Schlumberger Ltd
AAPL Apple Inc
INTC Intel Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.