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).

BAC Bank of America Corporation
TXN Texas Instruments
UNP Union Pacific Corporation
UTX United Technologies
TWX Time Warner
SLB Schlumberger Ltd
HON Honeywell Intl
CMCSA Comcast Cl'A'
C Citigroup Inc
FDX FedEx Corp
APC Anadarko Petroleum
GD General Dynamics Corp
BRK.B Berkshire Hathaway'B'
MA Mastercard Incorporated
MS Morgan Stanley
GS Goldman Sachs Group
WFC Wells Fargo
NKE Nike, Inc'B'

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.