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

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.