One Last Bear Rampage to End 2022: Stapled Consumers

Costco

Costco has an ugly chart. It's about to report earnings any minute. Aside from teh diamondy top, what caught my eye is the ratio with Wal-Mart. Looking at the much higher P/E for COST, I can see a major move down if earnings come down moving forward or if growth slows closer to WMT's pace. Both stocks are in XLP.

Illuminating Shorts

If you're bearish right now...ILMN could be headed for a breakdown.

Goldman Sachs is more liquid a target for options and has a great chart, but I like Blackrock a little better because it has been underperforming.

I posted Cintas over the weekend too, and it cracked. Ready to go if the market goes.

Although it needn't fail right away, if this is a bear market, the h-pattern seen here in Domino's should reliably complete.

Kill List

I started going through a screen list and then just started looking at high-priced stocks. The same pattern keeps appearing because the whole market looks ready to plummet.