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).

MET Metlife Inc
EMR Emerson Electric Co
COF Capital One Financial
BK Bank Of New York
BRK.B Berkshire Hathaway'B'
AIG Amer Intl Group
MDT Medtronic, Inc
GE General Electric
GS Goldman Sachs Group
TXN Texas Instruments
FDX FedEx Corp
WAG Walgreen Co
DIS Disney (Walt) Co
WFC Wells Fargo
WMT Wal-Mart Stores
JPM JPMorgan Chase & Co
UTX United Technologies
AXP American Express Company
APC Anadarko Petroleum
BAX Baxter Intl
ALL Allstate Corp
UPS United Parcel'B'
AMGN Amgen Inc
ORCL Oracle Corp
CVS CVS Caremark Corporation
BMY Bristol-Myers SQUIBB
TWX Time Warner
IBM Intl Business Machines Corp
GM General Motors Company
NWSA News Corp Cl A
HPQ Hewlett-Packard
INTC Intel Corp
JNJ Johnson & Johnson
COP ConocoPhillips
LOW Lowe's Cos
MS Morgan Stanley
SLB Schlumberger Ltd
DVN Devon Energy
PM Philip Morris Intl Inc
APA Apache Corp
V Visa Inc
ACN Accenture PLC (Ireland) NEW
T AT&T Inc
COST Costco Wholesale
USB US Bancorp
NKE Nike, Inc'B'
PEP Pepsico Inc
FCX Freeport-McMoRan Copper&Gold B
HON Honeywell Intl
HD Home Depot Inc
AMZN Amazon.com Inc
BAC Bank of America Corporation
MON Monsanto Co
UNH UnitedHealth Group Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.