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).

MS Morgan Stanley
HPQ Hewlett-Packard
TXN Texas Instruments
UTX United Technologies
EMR Emerson Electric Co
QCOM Qualcomm Inc
HON Honeywell Intl
UNP Union Pacific Corporation
LMT Lockheed Martin
BK Bank Of New York
SBUX Starbucks Corp
WFC Wells Fargo
GS Goldman Sachs Group
GD General Dynamics Corp
GE General Electric
JPM JPMorgan Chase & Co
COF Capital One Financial
NSC Norfolk Southern
ORCL Oracle Corp
NKE Nike, Inc'B'
BA Boeing Co
MDT Medtronic, Inc
FCX Freeport-McMoRan Copper&Gold B
MSFT Microsoft Corp
UPS United Parcel'B'
LOW Lowe's Cos
IBM Intl Business Machines Corp
AIG Amer Intl Group
FDX FedEx Corp
BAC Bank of America Corporation
COST Costco Wholesale
GOOG Google Inc Cl C Capital Stock
HD Home Depot Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.