Top 75 by Market Cap

Something I like to do on weekends is just quickly review how the Top 75 largest names in the world are doing.    It can give one awareness of which sectors are strong along with how specific industries are doing.

What we have here is a JXM default spreadsheet of tickers by market cap (could be set to anything), sorted from largest to smallest (up to 75).   Then ran with downloaded data from Fridays close and eventually re-sorted from strength of price based off last close (strongest look to weakest look).

TOP75byMCAP

One could say its our version of relative strength using metrics from 5 to 200 days.

One can see how I use level 2 here – https://jxmfinancial.wordpress.com/2017/05/09/how-i-like-to-use-level-2/

Tonight we look at a few of the visuals

  • Top 10 has Technology, Healthcare and the rest are consumer based names
  • 50% of the names are things we put in our body,  Food, cigs, drinks and drugs
  • The 3 tech names are semis and apple
  • China and Taiwan slip into the top 10

TOP75byMCAP2.png

The top 10 are charted below showing the daily view

AAPL

Looks strong obviously from its top rank.   Power gap with clear trend line support along with all rising MAs.

aapl514

ABEV

Higher high into some resistance at the moment.   Heavy accumulation bars as price breaks out some

ABEV514

AVGO

High high breakout followed by quick retest followed by large green candle.  NVDA brought this sector back strong

AVGO514

BTI

Could still have upside to 75+ off this pattern

BTI514

BABA

Another breakout that can really continue higher

BABA514

SNY

A very gappy name.  Not something I tend to like but could be getting ready to flag some and consolidate

SNY514

MCD

Nice gap over that 130-131 level.   150 is a level that could be next in line

MCD514

AMZN

Parallel channel shows that price is right in the middle.  Longer term could have plenty of upside opportunity

AMZN514.png

RAI

One of the tigher uptrend in the list.  MA 200 is a clear level to stay the course

RAI514

TSM

Another parallel channel setup showing potential upside targets with two rising trend lines for dip buying opportuntiy

TSM514

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s