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).

GS Goldman Sachs Group
MMM 3M Co
MS Morgan Stanley
EMR Emerson Electric Co
GOOG Google Inc Cl A
EMC EMC Corp
DIS Disney (Walt) Co
SLB Schlumberger Ltd
UNP Union Pacific Corporation
MRK Merck & Co
FDX FedEx Corp
EXC Exelon Corp
AMGN Amgen Inc
GD General Dynamics Corp
UTX United Technologies
TXN Texas Instruments
CAT Caterpillar Inc
PEP Pepsico Inc
XOM Exxon Mobil
GILD Gilead Sciences
ABT Abbott Laboratories
USB US Bancorp
COP ConocoPhillips
MDT Medtronic, Inc
HAL Halliburton Co
MCD McDonald's Corp
ORCL Oracle Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.