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
UNP Union Pacific Corporation
TXN Texas Instruments
UTX United Technologies
EMR Emerson Electric Co
TWX Time Warner
HON Honeywell Intl
CMCSA Comcast Cl'A'
FDX FedEx Corp
APC Anadarko Petroleum
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.