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
HPQ Hewlett-Packard
CVX Chevron Corporation
MMM 3M Co
BAC Bank of America Corporation
BRK.B Berkshire Hathaway'B'
FDX FedEx Corp
MET Metlife Inc
EMR Emerson Electric Co
ACN Accenture PLC (Ireland) NEW
GE General Electric
F Ford Motor
MDT Medtronic, Inc
CSCO Cisco Systems
AIG Amer Intl Group
WFC Wells Fargo
PM Philip Morris Intl Inc
SPG Simon Property Group
DD Dupont(E.I.)Denemours
AXP American Express Company
PFE Pfizer Inc
GM General Motors Company
JNJ Johnson & Johnson
AMZN Amazon.com Inc
UPS United Parcel'B'
JPM JPMorgan Chase & Co
USB US Bancorp
ALL Allstate Corp
NKE Nike, Inc'B'
CAT Caterpillar Inc
LLY Lilly (Eli)
BMY Bristol-Myers SQUIBB
XOM Exxon Mobil
GOOG Google Inc Cl A
WAG Walgreen Co
ORCL Oracle Corp
CL Colgate-Palmolive Co
BK Bank Of New York
UTX United Technologies
ABT Abbott Laboratories
EMC EMC Corp
HD Home Depot Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.