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).

GILD Gilead Sciences
BK Bank Of New York
BAC Bank of America Corporation
MMM 3M Co
UNP Union Pacific Corporation
TWX Time Warner
TXN Texas Instruments
UTX United Technologies
PG Procter & Gamble
COST Costco Wholesale
EMR Emerson Electric Co
HON Honeywell Intl
CMCSA Comcast Cl'A'
C Citigroup Inc
JNJ Johnson & Johnson
CVS CVS Caremark Corporation
WMT Wal-Mart Stores
ALL Allstate Corp
GD General Dynamics Corp
GE General Electric
PEP Pepsico Inc
BRK.B Berkshire Hathaway'B'
CVX Chevron Corporation
COF Capital One Financial
JPM JPMorgan Chase & Co
MS Morgan Stanley
HD Home Depot Inc
MA Mastercard Incorporated
WFC Wells Fargo
GS Goldman Sachs Group
MDT Medtronic, Inc
PFE Pfizer Inc
TGT Target Corp
CL Colgate-Palmolive Co
F Ford Motor
UNH UnitedHealth Group Inc
CSCO Cisco Systems
WAG Walgreen Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.