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

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.