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
HON Honeywell Intl
C Citigroup Inc
COF Capital One Financial
UTX United Technologies
MS Morgan Stanley
WFC Wells Fargo
UNP Union Pacific Corporation
GD General Dynamics Corp
TWX Time Warner
AMZN Amazon.com Inc
ALL Allstate Corp
MET Metlife Inc
USB US Bancorp
MRK Merck & Co
GS Goldman Sachs Group
JPM JPMorgan Chase & Co
WAG Walgreen Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.