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
HD Home Depot Inc
USB US Bancorp
AMZN Amazon.com Inc
KO Coca-Cola Co
CVS CVS Caremark Corporation
UNH UnitedHealth Group Inc
GOOG Google Inc Cl A
WMT Wal-Mart Stores
GE General Electric

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.