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).

HON Honeywell Intl
LMT Lockheed Martin
DD Dupont(E.I.)Denemours
TGT Target Corp
DOW Dow Chemical
HPQ Hewlett-Packard
NSC Norfolk Southern
MDT Medtronic, Inc
LLY Lilly (Eli)
CSCO Cisco Systems
F Ford Motor
EMR Emerson Electric Co
APA Apache Corp
NOV National Oilwell Varco Inc
CAT Caterpillar Inc
QCOM Qualcomm Inc
ACN Accenture PLC (Ireland) NEW
C Citigroup Inc
UPS United Parcel'B'
AAPL Apple Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.