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).

WFC Wells Fargo
BK Bank Of New York
AXP American Express Company
UNP Union Pacific Corporation
TWX Time Warner
GS Goldman Sachs Group
MET Metlife Inc
JPM JPMorgan Chase & Co
COF Capital One Financial
EMR Emerson Electric Co
GILD Gilead Sciences
HON Honeywell Intl
GOOG Google Inc Cl A
JNJ Johnson & Johnson
UNH UnitedHealth Group Inc
CVS CVS Caremark Corporation
UTX United Technologies
ACN Accenture PLC (Ireland) NEW
AMZN Amazon.com Inc
SBUX Starbucks Corp
CL Colgate-Palmolive Co
MO Altria Group
UPS United Parcel'B'
MDLZ Mondelez Int'l Inc Cl A
DOW Dow Chemical
LMT Lockheed Martin
ALL Allstate Corp
GD General Dynamics Corp
MON Monsanto Co
EMC EMC Corp
NSC Norfolk Southern
AIG Amer Intl Group
BAX Baxter Intl
TXN Texas Instruments
MCD McDonald's Corp
CAT Caterpillar Inc
AMGN Amgen Inc
EBAY Ebay Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.