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).

TWX Time Warner
HAL Halliburton Co
DOW Dow Chemical
EBAY Ebay Inc
GOOG Google Inc Cl A
MRK Merck & Co
DIS Disney (Walt) Co
LMT Lockheed Martin
GS Goldman Sachs Group
BAC Bank of America Corporation
GD General Dynamics Corp
UTX United Technologies
AMZN Amazon.com Inc
BA Boeing Co
HON Honeywell Intl
MON Monsanto Co
LOW Lowe's Cos
MS Morgan Stanley
COF Capital One Financial
CVS CVS Caremark Corporation
JPM JPMorgan Chase & Co
RTN Raytheon Co
AXP American Express Company

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.