Larry Williams' analysis suggest that Google-parent Alphabet, Amazon and Coca-Cola are stocks to watch out for, the 'Mad Money' host said Friday.
"Right now, the charts as interpreted by Larry Williams, suggest we've got incredibly bullish action in Google, very good bullish action in Amazon and money in the bank action in what we call knockout, Coca-Cola. I would not bet against Larry Williams," the "Cramer said that judging from Williams' methodology, Alphabet and Amazon have held up better than other big tech names that have been beaten up during this year's market volatility.
There are more signs that the stock is bullish, according to Cramer. First is the blue line at the bottom of the chart, called an on-balance volume indicator, which measures volume flow. This line shows that Alphabet stock volumes held above January lows in February and March, Cramer said. Here's Amazon's daily chart plotted next to its seasonal pattern, which measures how stocks typically do at a given point in the year:"Just like with Google, this is exactly the time of year when Williams would expect a bottom based on the calendar," Cramer said.While Williams' analysis suggests that Google and Amazon will have positive performances, Cramer acknowledged that tech stocks' struggles this year could make those stocks unattractive for wary buyers.
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