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).

BK Bank Of New York
ABT Abbott Laboratories
HON Honeywell Intl
PFE Pfizer Inc
GD General Dynamics Corp
AIG Amer Intl Group
UPS United Parcel'B'
MET Metlife Inc
BAC Bank of America Corporation
JNJ Johnson & Johnson
UNH UnitedHealth Group Inc
WFC Wells Fargo
BMY Bristol-Myers SQUIBB
CL Colgate-Palmolive Co
HAL Halliburton Co
CVX Chevron Corporation
MS Morgan Stanley
MRK Merck & Co
WAG Walgreen Co
FDX FedEx Corp
DOW Dow Chemical
GS Goldman Sachs Group

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.