What Happened
Warren Buffett’s Berkshire Hathaway revealed significant portfolio changes in its latest 13F filing. Berkshire initiated a new position in Delta Air Lines (DAL) and added to its existing stake in Alphabet (Google), while simultaneously exiting or reducing positions in Amazon, UnitedHealth, Visa and Mastercard. The moves signal a shift away from payments and e-commerce and toward travel and big tech.
Key Levels to Watch
Alphabet (GOOGL) โ Support: $155.00 and $148.50. Resistance: $175.00 and $182.00. Berkshire’s top-up adds a fundamental floor near current levels.
Amazon (AMZN) โ Support: $178.00 and $172.00. Resistance: $195.00 and $200.00. The Berkshire exit removes a high-profile buyer and could weigh on sentiment short term.
S&P 500 โ Support: 5,200 and 5,050. Resistance: 5,450 and 5,570.
Technical Picture
Alphabet is trading above its 50-day moving average (~$158) and remains in a medium-term uptrend. RSI sits around 58 โ not overbought, leaving room to push toward resistance. Amazon has been consolidating below $195 resistance for several weeks, and losing Berkshire as a holder could put pressure on the $178 support level. The broader S&P 500 and Nasdaq remain in recovery mode after April’s sharp sell-off.
What Traders Are Watching
A confirmed close above $175 on Alphabet would be a bullish breakout signal. For Amazon, traders will watch whether $178 support holds โ a break below opens the door to $172. Visa and Mastercard traders should note that Berkshire’s exit is a sentiment negative; watch Visa’s $270 support and Mastercard’s $480 support for signs of broader selling pressure in the payments sector.
Bias
Alphabet โ Bullish. Berkshire adding to its position provides a strong vote of confidence. When one of the world’s most respected long-term investors buys more, it signals the risk/reward at current levels looks attractive. Amazon and payments stocks โ Neutral to slightly bearish near term due to the removal of a high-profile holder.
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