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).

ALL Allstate Corp
EMR Emerson Electric Co
HON Honeywell Intl
AIG Amer Intl Group
AXP American Express Company
UTX United Technologies
BK Bank Of New York
DD Dupont(E.I.)Denemours
NWSA News Corp Cl A
IBM Intl Business Machines Corp
WFC Wells Fargo
AMGN Amgen Inc
MDT Medtronic, Inc
JNJ Johnson & Johnson
MCD McDonald's Corp
CL Colgate-Palmolive Co
MA Mastercard Incorporated
NKE Nike, Inc'B'
GILD Gilead Sciences
HD Home Depot Inc
BA Boeing Co
GD General Dynamics Corp
USB US Bancorp
GE General Electric
DIS Disney (Walt) Co
CVX Chevron Corporation
CVS CVS Caremark Corporation
BRK.B Berkshire Hathaway'B'
ORCL Oracle Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.