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).

HON Honeywell Intl
MMM 3M Co
PFE Pfizer Inc
COST Costco Wholesale
TGT Target Corp
UTX United Technologies
COP ConocoPhillips
BAX Baxter Intl
XOM Exxon Mobil
CMCSA Comcast Cl'A'
MRK Merck & Co
RTN Raytheon Co
UPS United Parcel'B'
DIS Disney (Walt) Co
DD Dupont(E.I.)Denemours
JNJ Johnson & Johnson
DVN Devon Energy
DOW Dow Chemical
AMZN Amazon.com Inc
PEP Pepsico Inc
CVS CVS Caremark Corporation
MO Altria Group
GOOG Google Inc Cl A
SLB Schlumberger Ltd
BA Boeing Co
GS Goldman Sachs Group
PG Procter & Gamble
SO Southern Company Inc
GD General Dynamics Corp
EMR Emerson Electric Co
CAT Caterpillar Inc
MDT Medtronic, Inc
MS Morgan Stanley
MON Monsanto Co
WMT Wal-Mart Stores
GE General Electric
NSC Norfolk Southern
PM Philip Morris Intl Inc
LMT Lockheed Martin
BMY Bristol-Myers SQUIBB
WAG Walgreen Co
EBAY Ebay Inc
APC Anadarko Petroleum
GILD Gilead Sciences
MSFT Microsoft Corp
SPG Simon Property Group
CSCO Cisco Systems
EXC Exelon Corp
ACN Accenture PLC (Ireland) NEW
BRK.B Berkshire Hathaway'B'
AEP Amer Electric Pwr
TXN Texas Instruments
AMGN Amgen Inc
FCX Freeport-McMoRan Copper&Gold B

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.