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).

CSCO Cisco Systems
CVS CVS Caremark Corporation
JPM JPMorgan Chase & Co
UNP Union Pacific Corp
QCOM Qualcomm Inc
WFC Wells Fargo
COST Costco Wholesale
LOW Lowe's Cos
DOW Dow Chemical
CVX Chevron Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.