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).

NOV National Oilwell Varco Inc
MMM 3M Co
USB US Bancorp
DD Dupont(E.I.)Denemours
FDX FedEx Corp
MET Metlife Inc
CSCO Cisco Systems
GS Goldman Sachs Group
JPM JPMorgan Chase & Co
XOM Exxon Mobil
JNJ Johnson & Johnson
MON Monsanto Co
WAG Walgreen Co
FCX Freeport-McMoRan Copper&Gold B
MDT Medtronic, Inc
KO Coca-Cola Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.