What John Howell said in this video:
- SPYneutralshort-termThe S&P 500 is in a sideways energy-building phase and a big move is coming soon, but the direction is unknown; a break below 7,600 opens a strong drop toward ~7,300, while an upside breakout would also be large.Source
- QQQbearishshort-termThe NASDAQ has already printed a false breakout, making it more bearish than the S&P; a rollover from here would trigger a strong downside move.Source
- IWMbearishshort-termThe Russell made a lower low and its current rally is not to be trusted — the host sees the trend turning down and is not buying the bounce.Source
- DIAbearishshort-termThe Dow has rallied and is stalling under resistance; a break of the low in the next couple of days would bring follow-through downside that could drag the whole market down.Source
- Othernegative for stocksmid-termSilver's bull market is over with persistent lower highs and lower lows, and even the weekly moving average is falling; the host expects a drop from around 53 toward the 40 level.Source
- Othernegative for stocksmid-termGold is forming a massive rounded top and breaking 4,000 will accelerate the decline, with a minimum target of 3,500; he cautions this is an overall pattern, not necessarily a next-day move.Source
- USObullishmid-termOil is steaming higher with successive higher lows; once it breaks out it could exceed the recent high in another strong upside move.Source
- XLEbullishlong-termEnergy remains the strongest sector and the host discloses he and his elite group have been positioned in it all year, with XLE up almost 60%; however, he would not chase new entries after the big move.Source