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
HAL Halliburton Co
MMM 3M Co
UNP Union Pacific Corporation
COST Costco Wholesale
EMR Emerson Electric Co
PG Procter & Gamble
HON Honeywell Intl
DD Dupont(E.I.)Denemours
FDX FedEx Corp
TWX Time Warner
CMCSA Comcast Cl'A'
GD General Dynamics Corp
DOW Dow Chemical
RTN Raytheon Co
COF Capital One Financial
MA Mastercard Incorporated
BHI Baker Hughes Inc
GS Goldman Sachs Group

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.