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).

XLE Energy Select Sector SPDR Fund
XLY Consumer Discretionary Sector SPDR Fund
XLU Utilities Select Sector SPDR Fund

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

GOOG Google Inc
ACN Accenture PLC
MON Monsanto Co
BK The Bank of New York Mellon Corp
CVX Chevron Corp
NSC Norfolk Southern Corp
MET MetLife Inc
CSCO Cisco Systems Inc
XOM Exxon Mobil Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.