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).

T AT&T Inc
EMR Emerson Electric Co
GD General Dynamics Corp
ACN Accenture PLC (Ireland) NEW
EMC EMC Corp
HPQ Hewlett-Packard
JNJ Johnson & Johnson
LMT Lockheed Martin
MA Mastercard Inc
IBM Intl Business Machines Corp
SPG Simon Ppty Grp
LLY Lilly (Eli)
COST Costco Wholesale Corp
SLB Schlumberger Ltd
DIS Disney (Walt) Co
VZ Verizon Communications
TWX Time Warner
FOXA Twenty-First Century Fox Inc A
MRK Merck & Co
TXN Texas Instruments
COP ConocoPhillips
HON Honeywell Intl
ALL Allstate Corp
PG Procter & Gamble
CAT Caterpillar Inc
AXP American Express Co
HAL Halliburton Co
INTC Intel Corp
CVX Chevron Corporation
AMZN Amazon.com Inc
MDT Medtronic plc
CSCO Cisco Systems
NKE Nike, Inc'B'
BIIB Biogen Idec
DOW Dow Chemical
MMM 3M Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.