Market volatility is in full force.
The S&P 500 moved an average of nearly 1.5 percent in either direction in the first four sessions in December, with the index down about 1 percent month to date. The wild swings come ahead of the highly anticipated FOMC meeting Dec. 15-16, where the Federal Reserve is expected to raise interest rates for the first time in nearly a decade. But for those looking for a safe place to hide out in this wild market, one technician is pointing to one old-school American company: Johnson & Johnson.
"If and as equities were to go higher, I think you would get a good performance here and if the market runs into some trouble, I would make the bet that [Johnson & Johnson] is a good place to hide," Carter Worth told CNBC's "Options Action" Friday.