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).

F Ford Motor
C Citigrp Inc
WFC Wells Fargo
GM General Motors Co
BK Bank of New York Mellon Corp
QCOM Qualcomm Inc
JPM JPMorgan Chase & Co
APC Anadarko Petro
BAC Bank of America Corporation
COF Cap One Finl
BA Boeing Co
MS Morgan Stanley
SLB Schlumberger Ltd
HAL Halliburton Co
AIG Amer Intl Grp
COP ConocoPhillips
USB US Bancorp
DVN Devon Energy
NSC Norfolk Southern
KMI Kinder Morgan Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.