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
GILD Gilead Sciences
MMM 3M Co
BAC Bank of America Corporation
UNP Union Pacific Corporation
COST Costco Wholesale
TWX Time Warner
UTX United Technologies
PG Procter & Gamble
HON Honeywell Intl
CMCSA Comcast Cl'A'
TXN Texas Instruments
JNJ Johnson & Johnson
CVS CVS Caremark Corporation
C Citigroup Inc
GE General Electric
EMR Emerson Electric Co
GD General Dynamics Corp
ALL Allstate Corp
BRK.B Berkshire Hathaway'B'
MDT Medtronic, Inc
DD Dupont(E.I.)Denemours
COF Capital One Financial
WMT Wal-Mart Stores
JPM JPMorgan Chase & Co
WFC Wells Fargo
PEP Pepsico Inc
MS Morgan Stanley
LMT Lockheed Martin
F Ford Motor
EMC EMC Corp
CL Colgate-Palmolive Co
CVX Chevron Corporation
GS Goldman Sachs Group
CSCO Cisco Systems
PFE Pfizer Inc
BA Boeing Co
UNH UnitedHealth Group Inc
SBUX Starbucks Corp
AMZN Amazon.com Inc
USB US Bancorp
WAG Walgreen Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.