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).

QCOM Qualcomm Inc
MS Morgan Stanley
MA Mastercard Incorporated
HPQ Hewlett-Packard
BK Bank Of New York
EMR Emerson Electric Co
C Citigroup Inc
GILD Gilead Sciences
JPM JPMorgan Chase & Co
LMT Lockheed Martin
UTX United Technologies
ABT Abbott Laboratories

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.