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
HON Honeywell Intl
BK Bank Of New York
C Citigroup Inc
GM General Motors Company
COF Capital One Financial
COST Costco Wholesale
UTX United Technologies
MDT Medtronic, Inc
BAC Bank of America Corporation
MS Morgan Stanley
GD General Dynamics Corp
TWX Time Warner
MRK Merck & Co
AMZN Amazon.com Inc
ABBV AbbVie Inc
JNJ Johnson & Johnson
F Ford Motor
MET Metlife Inc
WFC Wells Fargo
UNP Union Pacific Corporation
ALL Allstate Corp
CVS CVS Caremark Corporation
CL Colgate-Palmolive Co
GE General Electric
GS Goldman Sachs Group
WAG Walgreen Co
JPM JPMorgan Chase & Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.