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).

WFC Wells Fargo
UTX United Technologies
MMM 3M Co
IBM Intl Business Machines Corp
NKE Nike, Inc'B'
COST Costco Wholesale Corp
CAT Caterpillar Inc
UNH UnitedHealth Grp Inc
HON Honeywell Intl
TXN Texas Instruments
CVS CVS Health Corp
BRK.B Berkshire Hathaway'B'
MS Morgan Stanley
ACN Accenture PLC (Ireland) NEW
V Visa Inc
RTN Raytheon Co
PG Procter & Gamble
LMT Lockheed Martin
JNJ Johnson & Johnson
CL Colgate-Palmolive Co
MRK Merck & Co
NSC Norfolk Southern

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.