What John Howell said in this video:
- Oil & Energypositive for stocksshort-termThe host sees oil in a persistent uptrend with higher lows, likely to break out and exceed its recent high.Source
- Oil & Energypositive for stocksmid-termThe host says XLE remains the strongest sector, up about 60% this year, and he and his group have been positioned and benefiting all year.Source
- Otherpositive for stockslong-termThe host recalls calling two years of upside for XOM and CVX late last year, calls that have since played out with the energy rally.Source
- Oil & Energyneutralshort-termThe host cautions against chasing XLE now — you do not enter something that has already made a big move; the entry was last year before the breakout.Source
- Othernegative for stocksshort-termThe host says gold is about to break another new low, silver is making new lows, and gold is down about 30% this year.Source