top of page

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

The head and shoulders top pattern continues in OEX. However, the ability to rebound from key support, corresponding to the neckline at 1,938-1,962 (Oct 2021 and Jan 2022 lows) has triggered a rebound to 2,129.91 (2/2/22 low), reaffirming the right shoulder. Below 1,924-1,938 confirms a top and suggests -289.75 decline. Above key resistance at 2,129.91suggests a retest of 2,191-2,196, and 2,227.863 (1/4/22 all-time high).

As of 2/18/22, the top 10 constituents of OEX collectively account for 42.31% of the total market-cap weighting. AAPL (10.59% mkt-cap), MSFT (8.78%), AMZN (5.41%), GOOGL (3.19%), GOOG (2.96%), TSLA (2.83%), NVDA (2.40%), BRKB (2.34%), FB (1.98%), and JPM (1.83%).

Market cap weighting by sector: Information Technology (32.58%), Consumer Discretionary (13.72%), Communication Services (13.01%), Health Care (12.27%), Financials (10.06%), Consumer Staples (7.20%), Industrials (5.04%), Energy (2.86%), Utilities (1.34%), Materials (0.98%), and Real Estate (0.61%).

Enclosed in the report are technical updates to the OEX stocks.

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

38 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