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).

LOW Lowe's Cos
PFE Pfizer Inc
QCOM Qualcomm Inc
AXP American Express Co
MDT Medtronic, Inc
IBM Intl Business Machines Corp
UNP Union Pacific Corp
TGT Target Corp
GS Goldman Sachs Grp
BK Bank of New York Mellon Corp
ALL Allstate Corp
HPQ Hewlett-Packard
MS MS
JPM JPMorgan Chase & Co
MET Metlife Inc
C Citigrp Inc
AIG Amer Intl Grp
BAC Bank of America Corporation

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.