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).

EMR Emerson Electric Co
DOW Dow Chemical
MMM 3M Co
HON Honeywell Intl
NKE Nike, Inc'B'
MA Mastercard Inc
SLB Schlumberger Ltd

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.