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

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.