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
EMR Emerson Electric Co
PG Procter & Gamble
HON Honeywell Intl
DD Dupont(E.I.)Denemours
TWX Time Warner
FDX FedEx Corp
CMCSA Comcast Cl'A'
COF Capital One Financial
MA Mastercard Incorporated
BHI Baker Hughes Inc
GS Goldman Sachs Group

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.