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
MMM 3M Co
GS Goldman Sachs Group
COF Capital One Financial
AXP American Express Company
HON Honeywell Intl
EMR Emerson Electric Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.