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).

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

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.