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).

UNP Union Pacific Corp
NSC Norfolk Southern
TGT Target Corp
UPS United Parcel'B'
MMM 3M Co
CVS CVS Health Corp
MSFT Microsoft Corp
FDX FedEx Corp
HON Honeywell Intl
CL Colgate-Palmolive Co
ABT Abbott Laboratories

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.