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).

GE General Electric
AXP American Express Company
COF Capital One Financial
MMM 3M Co
MRK Merck & Co
EMR Emerson Electric Co
GOOG Google Inc Cl A
ALL Allstate Corp
BMY Bristol-Myers SQUIBB
UTX United Technologies
ORCL Oracle Corp
GS Goldman Sachs Group
TGT Target Corp
ACN Accenture PLC (Ireland) NEW
QCOM Qualcomm Inc
HPQ Hewlett-Packard
HON Honeywell Intl
IBM Intl Business Machines Corp
DOW Dow Chemical
TWX Time Warner
SLB Schlumberger Ltd
ABT Abbott Laboratories
MDLZ Mondelez Int'l Inc Cl A
JPM JPMorgan Chase & Co
BAC Bank of America Corporation
C Citigroup Inc
CAT Caterpillar Inc
INTC Intel Corp
MDT Medtronic, Inc
UNH UnitedHealth Group Inc
F Ford Motor
BAX Baxter Intl
CSCO Cisco Systems
USB US Bancorp
TXN Texas Instruments
AAPL Apple Inc
WFC Wells Fargo
XOM Exxon Mobil
MA Mastercard Incorporated

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.