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).

UTX United Technologies
BAC Bank of America Corporation
MMM 3M Co
MDT Medtronic, Inc
GS Goldman Sachs Group
EXC Exelon Corp
XOM Exxon Mobil
EMR Emerson Electric Co
EBAY Ebay Inc
BK Bank Of New York
MRK Merck & Co
UNP Union Pacific Corporation
GOOG Google Inc Cl A
PFE Pfizer Inc
C Citigroup Inc
PEP Pepsico Inc
HON Honeywell Intl
ACN Accenture PLC (Ireland) NEW
COP ConocoPhillips
AXP American Express Company

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.