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
HD Home Depot Inc
FDX FedEx Corp
MS Morgan Stanley
XOM Exxon Mobil
TXN Texas Instruments
DD Dupont(E.I.)Denemours
UNP Union Pacific Corporation
GOOG Google Inc Cl A
WFC Wells Fargo
JNJ Johnson & Johnson
TGT Target Corp
USB US Bancorp
MDT Medtronic, Inc
ABBV AbbVie Inc
PG Procter & Gamble
GS Goldman Sachs Group
F Ford Motor
MMM 3M Co
ABT Abbott Laboratories

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.