Costco, previously very bullish, has turned very bearish, and the creator advises selling rallies.
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US Stock Market - S&P 500 SPY | Price Projections & Cycle Timing
The creator analyzes the VIX and SPY, projecting potential stock market peaks around July 7th and August 13th, followed by a significant decline in late August and September. The analysis suggests a choppy market with potential rallies before a larger sell-off, driven by cyclical patterns and implied volatility.
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Tickers discussed in this post
BlackRock is in the same bearish category as KKR, indicating a negative sentiment.
KKR has performed horribly and is in a bearish category, suggesting a negative outlook.
Exxon is mentioned as weakening due to the plunge in oil prices, indicating a bearish outlook.
Johnson & Johnson is identified as very bullish within the healthcare category.
JPMorgan Chase (JPM) remains very strong, despite Goldman Sachs having a down day.
UnitedHealth Group (UNH) is noted as very strong within the healthcare sector.
Applied Materials is another very bullish stock in the semiconductor category.
Micron has exploded on the upside, and the creator's system has been bullish on it for a long time.
Lam Research is noted as very bullish, though the creator expresses surprise if it can maintain this strength.
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