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
DD Dupont(E.I.)Denemours
COF Capital One Financial
AXP American Express Company
T AT&T Inc
ALL Allstate Corp
BK Bank Of New York
MDT Medtronic, Inc
IBM Intl Business Machines Corp
LLY Lilly (Eli)
FDX FedEx Corp
VZ Verizon Communications
GILD Gilead Sciences
OXY Occidental Petroleum
UNP Union Pacific Corporation
UPS United Parcel'B'
F Ford Motor
MMM 3M Co
BA Boeing Co
INTC Intel Corp
COP ConocoPhillips
WMT Wal-Mart Stores
RTN Raytheon Co
CMCSA Comcast Cl'A'
BMY Bristol-Myers SQUIBB
QCOM Qualcomm Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.