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).

AXP American Express Company
MDT Medtronic, Inc
ALL Allstate Corp
ABT Abbott Laboratories
COF Capital One Financial
PFE Pfizer Inc
BK Bank Of New York
MRK Merck & Co
EMR Emerson Electric Co
ACN Accenture PLC (Ireland) NEW
MMM 3M Co
DIS Disney (Walt) Co
MDLZ Mondelez Int'l Inc Cl A
NOV National Oilwell Varco Inc
CL Colgate-Palmolive Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.