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).

LMT Lockheed Martin
JPM JPMorgan Chase & Co
WFC Wells Fargo
UTX United Technologies
AXP American Express Company
HON Honeywell Intl
BK Bank of New York Mellon Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.