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
BK Bank Of New York
PG Procter & Gamble
BRK.B Berkshire Hathaway'B'
HON Honeywell Intl
UNP Union Pacific Corporation
UTX United Technologies
COST Costco Wholesale
TWX Time Warner
CMCSA Comcast Cl'A'
GD General Dynamics Corp
MDT Medtronic, Inc
JNJ Johnson & Johnson
F Ford Motor
COF Capital One Financial
MS Morgan Stanley
C Citigroup Inc
WFC Wells Fargo
CVS CVS Caremark Corporation
GE General Electric
ALL Allstate Corp
CL Colgate-Palmolive Co
AMZN Amazon.com Inc
MET Metlife Inc
CSCO Cisco Systems
JPM JPMorgan Chase & Co
GS Goldman Sachs Group
CVX Chevron Corporation
WMT Wal-Mart Stores
PFE Pfizer Inc
PEP Pepsico Inc
WAG Walgreen Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.