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).
FB Facebook Inc
DD Dupont(E.I.)Denemours
HD Home Depot Inc
EXC Exelon Corp
COF Capital One Financial
F Ford Motor
AXP American Express Company
JPM JPMorgan Chase & Co
PM Philip Morris Intl Inc
INTC Intel Corp
VZ Verizon Communications
DOW Dow Chemical
GE General Electric
GM General Motors Company
CVS CVS Caremark Corporation
PEP Pepsico Inc
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.