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).

COP ConocoPhillips
CVX Chevron Corporation
F Ford Motor
UNP Union Pacific Corporation
APC Anadarko Petroleum
MMM 3M Co
SLB Schlumberger Ltd
EXC Exelon Corp
GM General Motors Company
DVN Devon Energy
COF Capital One Financial
AXP American Express Company
CAT Caterpillar Inc
APA Apache Corp
XOM Exxon Mobil
HD Home Depot Inc
ACN Accenture PLC (Ireland) NEW
JNJ Johnson & Johnson
DD Dupont(E.I.)Denemours
KO Coca-Cola Co
CVS CVS Caremark Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.