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
ABT Abbott Laboratories
BK Bank Of New York
HD Home Depot Inc
MON Monsanto Co
PFE Pfizer Inc
CMCSA Comcast Cl'A'
SBUX Starbucks Corp
GILD Gilead Sciences
EMR Emerson Electric Co
GD General Dynamics Corp
UPS United Parcel'B'
ALL Allstate Corp
DD Dupont(E.I.)Denemours
WFC Wells Fargo
BAC Bank of America Corporation
BA Boeing Co
MET Metlife Inc
UTX United Technologies
IBM Intl Business Machines Corp
F Ford Motor
CAT Caterpillar Inc
DIS Disney (Walt) Co
AIG Amer Intl Group
T AT&T Inc
UNH UnitedHealth Group Inc
AXP American Express Company
COP ConocoPhillips
MS Morgan Stanley
GE General Electric
MMM 3M Co
JNJ Johnson & Johnson
NKE Nike, Inc'B'
BRK.B Berkshire Hathaway'B'
LMT Lockheed Martin
COST Costco Wholesale
WAG Walgreen Co
CL Colgate-Palmolive Co
HAL Halliburton Co
BMY Bristol-Myers SQUIBB
USB US Bancorp
TWX Time Warner
PEP Pepsico Inc
JPM JPMorgan Chase & Co
MCD McDonald's Corp
ORCL Oracle Corp
SLB Schlumberger Ltd
APA Apache Corp
CVS CVS Caremark Corporation
CVX Chevron Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.