top of page

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

The head and shoulders top pattern breakdown below neckline 1 at 1,924-1,938 and neckline 2 at 1,884 confirm an OEX top and suggests -289.75/343.82 points decline toward 1,622-1,648 and 1,478-1,530. An oversold condition has developed at 1,721.77 (5/20/22), prompting a technical rally to initial resistance at 1,880-1,900, and above this 1,929-1,962, and 1,978. Critical intermediate-term resistance remains at 2,047.5-2,088.5.

As of 5/27/22, the top 10 constituents of OEX collectively account for 40.27% of the total market-cap weighting. AAPL (10.02% mkt-cap), MSFT (8.85%), AMZN (4.35%), GOOGL (2.92%), TSLA (2.75%), GOOG (2.71%), TSLA (2.75%), BRKB (2.52%), UNH (2.06%), JNJ (2.06%), and NVDA (2.03%).

Market cap weighting by sector: Information Technology (31.67%), Healthcare (14.12%), Consumer Discretionary (12.12%), Communication Services (11.86%), Financials (9.99%), Consumer Staples (7.40%), Industrials (5.11%), Energy (3.91%), Utilities (1.59%), Materials (1.10%), and Real Estate (0.67%).

Enclosed is a technical review of the stocks in the OEX Index.

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

48 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