Costco, previously a very bullish stock, has now turned very bearish, and the creator advises selling rallies.
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REPLAY - US Stock Market - S&P 500 SPY | Price Projections & Timing
The creator analyzes the VIX and SPY, projecting potential stock market peaks around the second week of July and early August, followed by a higher risk of decline in late August and September. The VIX's rising phase suggests increased implied volatility, which is typically negative for stocks.
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Tickers discussed in this post
BlackRock is also in the very bearish category, similar to KKR in the investment management space.
KKR has performed horribly and is in the very bearish category, specifically within private investment money management.
Exxon Mobil is mentioned as weakening, consistent with the expected trend for oil stocks as oil prices have plunged.
Johnson & Johnson is identified as a very bullish stock within the healthcare category.
JPMorgan Chase is noted as remaining very strong, despite Goldman Sachs having a bad day.
UnitedHealth Group is highlighted as a very strong performer within the healthcare sector.
Applied Materials is another semiconductor stock that is performing very bullishly.
Micron has seen a significant upside explosion, and the system has been bullish on it for an extended period.
Lam Research is noted as remaining very bullish, though the creator expresses surprise if it can sustain this level.
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