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
CSCO Cisco Systems
CAT Caterpillar Inc
EMR Emerson Electric Co
C Citigroup Inc
MSFT Microsoft Corp
MS Morgan Stanley
WMT Wal-Mart Stores
EBAY Ebay Inc
ACN Accenture PLC (Ireland) NEW
TGT Target Corp
GE General Electric
JPM JPMorgan Chase & Co
GS Goldman Sachs Group
IBM Intl Business Machines Corp
AMZN Amazon.com Inc
EMC EMC Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.