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
UTX United Technologies
TXN Texas Instruments
EMR Emerson Electric Co
TWX Time Warner
HON Honeywell Intl
JNJ Johnson & Johnson
DD Dupont(E.I.)Denemours
APC Anadarko Petroleum
FDX FedEx Corp
CMCSA Comcast Cl'A'
GD General Dynamics Corp
BRK.B Berkshire Hathaway'B'
MA Mastercard Incorporated
BHI Baker Hughes Inc
GS Goldman Sachs Group

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.