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).

WFC Wells Fargo
GS Goldman Sachs Group
MS Morgan Stanley
FDX FedEx Corp
V Visa Inc
ORCL Oracle Corp
WMB Williams Companies
NKE Nike, Inc'B'
MMM 3M Co
GM General Motors Company
NOV National Oilwell Varco Inc
MDT Medtronic, Inc
XOM Exxon Mobil

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.