Thirty Blue Stocks - 01/26/2021
A look at the 30 largest stocks in the S&P 500 by market cap.
Its been a month since we last looked at the 30 largest stocks in the S&P 500 by market cap.
In this post, I like to keep my commentary short and sweet and let the charts do the talking! I like to call it the ‘keep it simple, stupid’ approach!
Let’s begin!….
Apple (AAPL) Technology
Breakout of the ascending triangle pattern could see a move to the 432.6 fib level.
Microsoft Corporation (MSFT) Technology
A breakout above a strong level of resistance here!
Amazon.com (AMZN) Consumer Cyclical
A continuing theme in the most significant stocks... breaking out above key levels!
Alphabet (GOOG) Communication Services
Once again, back to new-all time high level above prior levels of resistance. The big boys are looking to take the leadership role back.
Tesla (TSLA) Consumer Cyclical
Has been rallying aggressively off its March lows and with more new highs on both absolute and relative terms, looks to be having a rest at current levels.
Facebook (FB) Communication Services
Held support levels early in the month, now its back to re-test resistance levels.
Berkshire Hathaway (BRK.B) Financial
Above the key level of once resistance turned support, however, I would like to see some improvement in relative strength.
Visa (V) Financial
Finding some resistance at the 215 level.
Johnson & Johnson (JNJ) Healthcare
New all-time highs! Relative strength needs some work tho!
Walmart (WMT) Consumer Defensive
Looks to be stuck within a range near all-time high levels.
JPMorgan Chase & Co. (JPM) Financial
Failing at all-time-highs level early in the month. Stuck in no man’s land at the moment.
Nvidia Corp (NVDA) Technology
Has Nvidia fallen asleep at current levels?
Unitedhealth Group (UNH) Healthcare
Looks to be stuck within a range near all-time high levels.
Mastercard (MA) Financial
Finding strong resistance at the 350 level.
Procter & Gamble Co. (PG) Consumer Defensive
Within a range here and looks like it wants to test its support level at 125.
Walt Disney Co. (DIS) Communication Services
Taking a breather since gaping up above a huge level.
Home Depot (HD) Consumer Cyclical
You can also break to the upside when in a descending triangle pattern.
PayPal Holdings (PYPL) Financial
Continuing its aggressive move off its March lows and with more new highs on both absolute and relative terms, let’s see what it does once it hits the 432.6 level.
Bank Of America Corp. (BAC) Financial
Looks to be testing what was once resistance as support now.
Netflix (NFLX) Communication Services
When we get a huge gap up above a huge level of resistance to new all-time highs, I tend to sit up in my seat.
Verizon Communications (VZ) Communication Services
Massive rejection after testing the 61 level.
Adobe (ADBE) Technology
Needs to hold above the 161.8 fib level.
Intel Corp. (INTC) Technology
It looks like there is some aggressive seller at the 62 level.
Comcast Corp (CMCSA) Communication Services
Breakout to new all-time highs late last year, now back to re-test those breakout levels as support.
Nike (NKE) Consumer Cyclical
Breakout, re-test of breakout level, now go?
Coca-Cola Co (KO) Consumer Defensive
Couldn’t hold above that level, looks more like a hot mess now.
AT&T (T) Communication Services
I wouldn’t go anywhere near this... it’s just a hot mess!
Pfizer (PFE) Healthcare
Another hot mess! Next!
Salesforce.com (CRM) Technology
Needs to hold that 210 level.
Thermo Fisher Scientific (TMO) Healthcare
Has been rallying aggressively off its March lows and with more new highs on both absolute and relative terms, looking for the next leg higher now.
That’s a wrap for today, 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.
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Stay safe and good luck out there…
GH
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