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).

DVN Devon Energy
BK Bank of New York Mellon Corp
KMI Kinder Morgan Inc
COP ConocoPhillips
C Citigrp Inc
AXP American Express Co
CVX Chevron Corporation
GS Goldman Sachs Grp
PM Philip Morris Intl Inc
APC Anadarko Petro
WFC Wells Fargo
OXY Occidental Petro
BAC Bank of America Corporation
PEP Pepsico Inc
MS Morgan Stanley
MCD McDonald's Corp
JPM JPMorgan Chase & Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.