Technical Writeups of Top Stocks within Tom Lee’s Large-cap/SMID Core list

Near-term Equity trends are bullish, and it’s expected that QQQ will soon break out to join the move back to new highs, which has been seen in DJIA, SPW, DJ Transportation Avg., and MDY since the beginning of the year.  Similar to comments in recent days, the broader market has been performing much better than Large-cap Technology, and most “Magnificent 7” stocks (outside of GOOGL and AMZN) have largely been consolidating. Small-cap ETF $IWM pushed back to new highs today to join MDY, and it’s thought that markets remain in great technical shape given the multitude of breakouts back to new high territory over the first week of the year. Overall, I am expecting a push in SPX up to 7150-7200 by late February, but believe this could take time until Technology leaders start to act a bit better.  Bottom line, it’s right to position in sector leaders like Industrials, Financials, and Technology with a renewed focus on Healthcare given this week’s strength. 

Hello All!! I am going to write technical stock opinions on some of my favorite and least favorite stocks within Tom Lee’s Core Large-cap stock list and Core SMID-cap stock list, as a substitute for tonight’s regular report.

Top technical Large-cap Stocks

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