Thirty Blue Stocks

A look at the 30 largest stocks in the S&P 500 by market cap.

A quick look at the 30 largest stocks in the S&P 500 by market cap with a short commentary of my thoughts on each using the ‘keep it simple, stupid’ approach!

Ok ok… I know my last post said it was my last post for the year… but I promise this is the last one! Merry Christmas… Happy Holidays! Enjoy tomorrow… and be safe!

---

Let us begin!….

Apple (AAPL) Technology

Looking good if it can continue to hold above the 261.8% level.

Microsoft Corporation (MSFT) Technology

Looking for a breakout above the 161.8% level.

Amazon (AMZN) Consumer Cyclical

A bullish pennant pattern has developed in recent months… breakout to the upside is on the cards.

Alphabet (GOOG) Communication Services

Needs to hold current levels!

Facebook (FB) Communication Services

A bullish pennant pattern has developed in recent months… breakout to the upside is on the cards.

Tesla (TSLA) Consumer Cyclical

Rallying aggressively off its March lows and with more new highs on both absolute and relative terms, it’s showing no sign of slowing down any time soon.

Berkshire Hathaway (BRK.B) Financial

Breakout, retest and go?

Visa (V) Financial

Breakout possible here, However, relative to the S&P500 it has broken a key level to the downside and combined with a longer-term downwards sloping trend vs. the S&P 500 calls for us to step aside and look for more favourable setup elsewhere.

Walmart (WMT) Consumer Defensive

Finding some resistance at All-time high levels.

Johnson & Johnson (JNJ) Healthcare

Breakout possible here, However, relative to the S&P500 it has broken a key level to the downside and combined with a longer-term downwards sloping trend vs. the S&P 500 calls for us to step aside and look for more favourable setup elsewhere.

JPMorgan Chase & Co. (JPM) Financial

Recently broke above a key level of resistance, is it now time to test All-time Highs?

Procter & Gamble (PG) Consumer Defensive

Looking to be consolidating, approaching a key level of support.

Mastercard (MA) Financial

Do something… *poke with a stick*

Nvidia (NVDA) Technology

Currently having a few months rest after rallying aggressively off its March lows and posting new highs on both absolute and relative terms. Is it ready for the next leg higher?

Unitedhealth (UNH) Health care

Put this into the mixed bag, moving on…

Walt Disney (DIS) Communication Services

Wowee, look at that recent move! more to come?

Home Depot (HD) Consumer Cyclical

I can see a descending triangle here and it has fallen off a cliff on a relative basis.. next!

PayPal Holdings (PYPL) Financial

Rallying aggressively off its March lows and with more new highs on both absolute and relative terms, it’s showing no sign of slowing down any time soon.

A cashless world!

Bank of America (BAC) Financial

Holding above 2018 low level… however, strong resistance incoming!

Verizon Communications (VZ) Communication Services

Breakout possible here, However, relative to the S&P500 it has broken a key level to the downside and combined with a longer-term downwards sloping trend vs. the S&P 500 calls for us to step aside and look for more favourable setup elsewhere.

Adobe (ADBE) Technology

Having a breather of late… looking to hold above the 161.8% level.

Comcast (CMCSA) Communication Services

Broke out and now looks to be coming back down for a retest…. then go?

Coca-Cola (KO) Consumer Defensive

Recently broke above a key level of resistance & support, is it now time to test all-time highs?

Netflix (NFLX) Communication Services

Ranging below all-time high levels on an absolute and relative basis, now we wait for that breakout!

Nike (NKE) Consumer Cyclical

The rally off its March lows continues to throw up more new highs on both absolute and relative terms, it’s showing no sign of slowing down any time soon.

Pfizer (PFE) Health care

I wouldn’t go anywhere near this... it’s just a hot mess!

Salesforce (CRM) Technology

Closed the gap of that huge move... now what? ill leave this for someone else!

AT&T (T) Communication Services

I wouldn’t go anywhere near this... it’s just a hot mess!

Merck & Co. (MRK) Healthcare

Another hot mess that doesn’t know what it wants! next!

Pepsico (PEP) Consumer Defensive

Breakout possible here, However, relative to the S&P500 it has broken a key level to the downside and combined with a longer-term downwards sloping trend vs. the S&P 500 calls for us to step aside and look for more favourable setup elsewhere.

That’s a wrap for today and the year, hope you enjoyed my charts, and please don’t forget to share your ideas in the comment section or get in contact with me on Twitter @granthawkridge.

Stay safe and good luck out there…

See ya next year!

*mic drop*

GH

---

---

DISCLAIMER: The information included in this report are obtained from sources which Jotting on Charts believes to be reliable, but we do not guarantee its accuracy. All of the information contained herein should be independently verified and confirmed. All opinions expressed by Jotting on Charts are for informational purposes only. Jotting on Charts is not a financial advisor, and this does not constitute investment advice nor any opinions expressed, constitute a solicitation of the purchase or sale of any securities or related financial instruments.  Jotting on Charts is not responsible for any losses incurred from any use of this information. Do not trade with money you cannot afford to lose. It is recommended that you consult a qualified financial advisor before making any investment decisions.