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
C Citigroup Inc
BK Bank Of New York
GM General Motors Company
COF Capital One Financial
UTX United Technologies
COST Costco Wholesale
TWX Time Warner
MS Morgan Stanley
GD General Dynamics Corp
BAC Bank of America Corporation
MRK Merck & Co
MDT Medtronic, Inc
ABBV AbbVie Inc
MET Metlife Inc
AMZN Amazon.com Inc
F Ford Motor
JNJ Johnson & Johnson
MDLZ Mondelez Int'l Inc Cl A
WFC Wells Fargo
ALL Allstate Corp
UNP Union Pacific Corporation
CL Colgate-Palmolive Co
GS Goldman Sachs Group
CVS CVS Caremark Corporation
CVX Chevron Corporation
BRK.B Berkshire Hathaway'B'
GE General Electric
USB US Bancorp
WAG Walgreen Co
PFE Pfizer Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.