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
LOW Lowe's Cos
TWX Time Warner
UTX United Technologies
COST Costco Wholesale
PG Procter & Gamble
TXN Texas Instruments
HON Honeywell Intl
CMCSA Comcast Cl'A'
C Citigroup Inc
JNJ Johnson & Johnson
CVS CVS Caremark Corporation
EMR Emerson Electric Co
ALL Allstate Corp
GD General Dynamics Corp
GE General Electric
DD Dupont(E.I.)Denemours
BRK.B Berkshire Hathaway'B'
WMT Wal-Mart Stores
PEP Pepsico Inc
COF Capital One Financial
JPM JPMorgan Chase & Co
MDT Medtronic, Inc
LMT Lockheed Martin
MS Morgan Stanley
WFC Wells Fargo
CVX Chevron Corporation
EMC EMC Corp
CL Colgate-Palmolive Co
F Ford Motor
GS Goldman Sachs Group
PFE Pfizer Inc
CSCO Cisco Systems
UNH UnitedHealth Group Inc
BA Boeing Co
SBUX Starbucks Corp
WAG Walgreen Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.