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).

SLB Schlumberger Ltd
XOM Exxon Mobil
EMR Emerson Electric Co
ALL Allstate Corp
JPM JPMorgan Chase & Co
CMCSA Comcast Cl'A'
BAC Bank of America Corporation
GE General Electric
UTX United Technologies
LOW Lowe's Cos
GS Goldman Sachs Group
C Citigroup Inc
WMT Wal-Mart Stores
USB US Bancorp
BAX Baxter Intl
AMZN Amazon.com Inc
HD Home Depot Inc
CL Colgate-Palmolive Co
MS Morgan Stanley
EMC EMC Corp
NSC Norfolk Southern
CAT Caterpillar Inc
KO Coca-Cola Co
UNP Union Pacific Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.