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).

CVX Chevron Corporation
MS Morgan Stanley
XOM Exxon Mobil
APA Apache Corp
GS Goldman Sachs Group
DOW Dow Chemical
WFC Wells Fargo
WAG Walgreen Co
SLB Schlumberger Ltd
BK Bank Of New York
LMT Lockheed Martin
IBM Intl Business Machines Corp
ALL Allstate Corp
GILD Gilead Sciences
BAC Bank of America Corporation
AMGN Amgen Inc
MDT Medtronic, Inc
DVN Devon Energy

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.