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).

UTX United Technologies
BK Bank Of New York
DD Dupont(E.I.)Denemours
XOM Exxon Mobil
NSC Norfolk Southern
COF Capital One Financial
EMR Emerson Electric Co
AIG Amer Intl Group
WFC Wells Fargo
LLY Lilly (Eli)
ALL Allstate Corp
BRK.B Berkshire Hathaway'B'
AXP American Express Company
JNJ Johnson & Johnson
C Citigroup Inc
HON Honeywell Intl
TXN Texas Instruments
IBM Intl Business Machines Corp
GE General Electric
MDT Medtronic, Inc
MSFT Microsoft Corp
SPG Simon Property Group
INTC Intel Corp
BAC Bank of America Corporation
UNH UnitedHealth Group Inc
GD General Dynamics Corp
MON Monsanto Co
CAT Caterpillar Inc
UNP Union Pacific Corporation
FDX FedEx Corp
ORCL Oracle Corp
GM General Motors Company
LOW Lowe's Cos
T AT&T Inc
PFE Pfizer Inc
CVX Chevron Corporation
LMT Lockheed Martin
NKE Nike, Inc'B'
RTN Raytheon Co
UPS United Parcel'B'
GILD Gilead Sciences
ABT Abbott Laboratories
SLB Schlumberger Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.