Our June 2022 stock and ETF watchlist with entry points, sector analysis, and market outlook.
Market Overview
First and foremost the month of May brought us a great tragedy here in the U.S. My condolences go out to the families that lost loved ones to the senseless act of violence in Uvalde, Texas. One too many lives were lost and these horrific incidents happen far too often in our schools that we entrust our children to. Parents and guardians please be proactive in understanding the drills that your children practice at their respective schools (active assailant, fire, evacuation, etc.). Explain to them the importance of doing the drills with intention, emphasize "See Something, Say Something", and don't be afraid to speak up and be apart of the solution to help protect our schools and children.
Fed & Monetary Policy
For the month of May we saw all the indexes (Dow Jones, S&P 500, NASDAQ, & the Russell 2000) all hit 52-week lows. The same issues are circling the economy (inflation, rate hikes, ect) and there is speculation that we may have reached a bottom in this selloff. The same saying goes as I've mentioned in previous posts, "Buy when there is blood in the streets." The stock market is essentially rigged to go up over a LONG period of time. Yes, there is short term volatility. Yes, you can see 2-3 years of gains wiped out in a few months from a selloff. But when in doubt, zoom out. All you have to worry about is if the asset is going up to the right over the long run. In volatile times like this keep on dollar cost averaging and looking for great entry points for companies you love. Remember, take what the market gives you and you use it to your advantage. Buy low, take profits when needed, and hold long term.
Monthly Performance
At the close of the month all the indexes are down. The Dow Jones (-0.71%), S&P 500 (-1.16%), NASDAQ (-4.11%), Russell 2000 (-1.46%). At the close of the month the VIX was at 26.19. The "Fear and Greed" index was at 26 at the end of the month indicating fear.
Index Performance
| Index | Performance |
|---|---|
| Dow Jones (May 2022) | -0.71% |
| S&P 500 (May 2022) | -1.16% |
| NASDAQ (May 2022) | -4.11% |
| Russell 2000 (May 2022) | -1.46% |
| VIX | 26.19 |
Top Sectors
Bottom Sectors
Stock Entry Points
| Ticker | Daily Entry | Weekly Entry |
|---|---|---|
| NKE | $112–$131 | $108–$128 |
| ABNB | $114–$142 | $112–$135 |
| MSFT | $252–$288 | $248–$274 |
| AAPL | $139–$155 | $142–$157 |
| Z | $39–$46 | $38–$48 |
| SQ | $82–$111 | $84–$110 |
| PYPL | $88–$118 | $85–$132 |
| MCD | $231–$243 | $229–$245 |
| WMT | $117–$134 | $117–$129 |
| TSLA | $643–$840 | $672–$838 |
| SBUX | $75–$88 | $71–$89 |
| V | $193–$220 | $190–$213 |
| PG | $141–$156 | $139–$150 |
| WM | $151–$157 | $140–$154 |
| CHPT | $11–$13 | $12–$15 |
| IIPR | $125–$148 | $124–$156 |
| SHOP | $324–$525 | $357–$579 |
| ADBE | $379–$468 | $386–$465 |
| AMZN | $2,379–$2,720 | $2,042–$2,545 |
| CRWD | $136–$180 | $132–$177 |
| NVDA | $157–$213 | $159–$208 |
| COST | $440–$505 | $410–$467 |
ETF Entry Points
| Ticker | Daily Entry | Weekly Entry |
|---|---|---|
| ARKK | $40–$58 | $33–$53 |
| VUG | $224–$261 | $220–$251 |
| VGT | $325–$383 | $337–$403 |
| VOO | $357–$394 | $352–$391 |
| SMH | $223–$268 | $218–$241 |
Key Takeaways
- →May 2022: S&P briefly entered bear market (down 20%) before recovering to close -1.16%.
- →Fed raised 50bps — largest hike in 22 years. Energy +17.11% continued dominance.
- →AFRM removed; COST added for recurring revenue model and inflation resilience.
- →S&P 500 briefly touched bear market threshold — patience and discipline are paramount.
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