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).

HON Honeywell Intl
DIS Disney (Walt) Co
UPS United Parcel'B'
NOV National Oilwell Varco Inc
SLB Schlumberger Ltd
GE General Electric
WAG Walgreen Co
COP ConocoPhillips
UNP Union Pacific Corp
APA Apache Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.