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).

COP ConocoPhillips
XOM Exxon Mobil
APC Anadarko Petroleum
BK Bank Of New York
BAC Bank of America Corporation
UNP Union Pacific Corporation
C Citigroup Inc
LOW Lowe's Cos
EMR Emerson Electric Co
HAL Halliburton Co
MMM 3M Co
COST Costco Wholesale
HD Home Depot Inc
UTX United Technologies
CVX Chevron Corporation
HON Honeywell Intl
BAX Baxter Intl
FDX FedEx Corp
BRK.B Berkshire Hathaway'B'
RTN Raytheon Co
DD Dupont(E.I.)Denemours
CVS CVS Caremark Corporation
GE General Electric
NOV National Oilwell Varco Inc
GD General Dynamics Corp
LMT Lockheed Martin

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.