The Big 3: JNJ, XOM, KO

Market Overview - The market is experiencing significant volatility, with major averages down more than 1% following reports from Alphabet and Qualcomm, indicating a "tummy tester" scenario for investors [1][2] - Consumer staples and utilities are showing resilience, with consumer staples performing higher on the day [2] Johnson & Johnson - Johnson & Johnson has shown strong performance year-to-date, up approximately 15%, and is considered a defensive holding amidst market volatility [4][5] - The stock is maintaining upward momentum, with technical indicators suggesting further upside potential [5][12] - Key price levels to watch include 220, 225, and a recent high of 239.58, with an RSI of 85.8 indicating strong momentum [9][10] Exxon Mobil - Exxon Mobil is also experiencing upward momentum, benefiting from a rotation in the energy sector and recent earnings reports [13][15] - The stock has shown a notable breakout, with key price levels between 117 to 120 acting as previous resistance [17] - A risk reversal trade is suggested, involving selling a 135 put and buying a 155 call, allowing for potential upside capture while providing a cushion against weakness [22] Coca-Cola - Coca-Cola is adapting its product lineup to align with consumer preferences, positioning itself well within the consumer staples sector [24][25] - The stock is expected to maintain upward momentum, with a similar technical setup to Exxon Mobil, characterized by a narrow upward channel [26][28] - A call spread trade is proposed, buying a 77.5 call and selling an 85 call, which defines risk while allowing for upside capture [32][34]