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).

MDT Medtronic, Inc
MMM 3M Co
CVS CVS Caremark Corporation
SLB Schlumberger Ltd
HON Honeywell Intl
FDX FedEx Corp
UPS United Parcel'B'
DOW Dow Chemical
BA Boeing Co
GE General Electric
FOXA Twenty-First Century Fox Inc A
USB US Bancorp
UNP Union Pacific Corporation
RTN Raytheon Co
DIS Disney (Walt) Co
HAL Halliburton Co
AXP American Express Company
JNJ Johnson & Johnson
MDLZ Mondelez Int'l Inc Cl A
HD Home Depot Inc
UTX United Technologies
LMT Lockheed Martin
GM General Motors Company
CMCSA Comcast Cl'A'

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.