top of page

Technical Review of the S&P 100 Index (OEX)

S&P 100 Index (OEX) – Although OEX is not as popular as the S&P 500 Index (SPX) or the Dow Jones Industrial Average (INDU), it is a key US large-cap benchmark index consisting of the 100 largest stocks in the U.S. by market capitalization. The key criteria for this index are the stocks in the index must have options available for trading and at least 50% of the stock must be available for trading by the investment public.

As of 10/15/21, the top 10 constituents of OEX collectively account for 42.18% of the total market-cap weighting. MSFT (9.00% mkt-cap), AAPL (8.96%), AMZN (5.85%), GOOGL (3.35%), GOOG (3.14%), FB (3.05%), TSLA (2.69%), NVDA (2.15%), BRKB (2.07%), and JPM (1.96%).

Market cap weighting by sector: Information Technology (32.24%), Communication Services (15.07%), Consumer Discretionary (14.11%), Health Care (11.54%), Financials (10.01%), Consumer Staples (6.44%), Industrials (5.03%), Energy (2.27%), Utilities (1.39%), Materials (0.95%), and Real Estate (0.66%).

A potential head and shoulders top pattern has developed in OEX. However, the ability to rebound from key support corresponding to the neckline at 1,950-1,962 has triggered a rebound. Two consecutive gap-ups (10/14 and 10/15/21) reaffirm a recovery to key resistance at 2,048-2,057 or the left and right shoulders. A breakout can lead to a retest of 2,088.53 (9/2/21 all-time high) and above 2,088.53 reaffirms the resumption of the primary uptrend.

To view the entire report go to the Reports tab on the website or click the following:

39 views0 comments

Recent Posts

See All

Closing of the Newsletter

Dear clients, After four rewarding years, the time has come for me to close the Lee Technical Strategy Newsletter, effective today. I want to take this opportunity to let you know what a great honor a

Technical Review of the Top 25 NDX 100 Index Stocks

NASDAQ 100 Index (NDX) – NDX is a modified market capitalization-weighted index comprising 100 of the largest non-financial companies on the NASDAQ Composite Index (COMPQ). NDX is heavily weighted tow


bottom of page