These 6 stocks could make or break the S&P 500's run

In fact, those six companies are worth about as much as the bottom 290 companies in the S&P combined. Taken together, their market caps total $4.2 trillion, while the bottom 290 S&P companies are worth roughly $4.3 trillion.

But the concentration in these six names is noteworthy, and it could mean trouble for the market, Worth said Tuesday on CNBC'sConsidering the influence they have over the S&P's direction, it makes you wonder: "Is it an index, or is it a few big names that drive everything?" Worth said. "That's what makes beating the index so hard."

"Literally, every single time we have gotten this far above the 150-day moving average, we have peaked. It is right at that level yet again," Worth said, pointing to the uptick in the bottom panel's trend line. "So, as this goes, so goes the market. I think you've got a crowding that's not so good. Just to put it in real context, think of those six names relative to the S&P. It's all so dependent on these big names.

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