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).

BK Bank Of New York
BAC Bank of America Corporation
MMM 3M Co
UNP Union Pacific Corporation
TXN Texas Instruments
TWX Time Warner
UTX United Technologies
EMR Emerson Electric Co
COST Costco Wholesale
HON Honeywell Intl
CMCSA Comcast Cl'A'
C Citigroup Inc
JNJ Johnson & Johnson
WMT Wal-Mart Stores
ALL Allstate Corp
PEP Pepsico Inc
GD General Dynamics Corp
GE General Electric
BRK.B Berkshire Hathaway'B'
HD Home Depot Inc
COF Capital One Financial
MS Morgan Stanley
JPM JPMorgan Chase & Co
TGT Target Corp
GS Goldman Sachs Group
WFC Wells Fargo
NKE Nike, Inc'B'
UNH UnitedHealth Group Inc
WAG Walgreen Co
F Ford Motor

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.