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).

HON Honeywell Intl
TXN Texas Instruments
HD Home Depot Inc
DD Dupont(E.I.)Denemours
APA Apache Corp
CL Colgate-Palmolive Co
GILD Gilead Sciences
GS Goldman Sachs Group
UNP Union Pacific Corporation
PG Procter & Gamble
CMCSA Comcast Cl'A'
AXP American Express Company
USB US Bancorp
GOOG Google Inc Cl A
MMM 3M Co
FDX FedEx Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.