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
MDT Medtronic, Inc
JNJ Johnson & Johnson
HAL Halliburton Co
HON Honeywell Intl
PEP Pepsico Inc
PFE Pfizer Inc
OXY Occidental Petroleum
BRK.B Berkshire Hathaway'B'
BAX Baxter Intl
JPM JPMorgan Chase & Co
FCX Freeport-McMoRan Copper&Gold B
SLB Schlumberger Ltd
BA Boeing Co
NKE Nike, Inc'B'
CL Colgate-Palmolive Co
MRK Merck & Co
MET Metlife Inc
COF Capital One Financial
ACN Accenture PLC (Ireland) NEW
USB US Bancorp
MMM 3M Co
GE General Electric
COP ConocoPhillips
NWSA News Corp Cl A
GILD Gilead Sciences
EMR Emerson Electric Co
UPS United Parcel'B'
BK Bank Of New York
KO Coca-Cola Co
MS Morgan Stanley
ALL Allstate Corp
GS Goldman Sachs Group
XOM Exxon Mobil
CVX Chevron Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.