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
BK Bank Of New York
LOW Lowe's Cos
C Citigroup Inc
UNP Union Pacific Corporation
BAC Bank of America Corporation
MMM 3M Co
GILD Gilead Sciences
UTX United Technologies
COST Costco Wholesale
BAX Baxter Intl
CVS CVS Caremark Corporation
CVX Chevron Corporation
HON Honeywell Intl
FDX FedEx Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.