What John Howell said in this video:
- Market Breadthpositive for stockslong-termThe stock market's current volatility is an energy-building phase; once energy is built it will break out into a very big move, creating an amazing buying opportunity.Source
- Othernegative for stocksmid-termSilver, like gold, ran out of energy after roughly a one-year bull run and keeps falling in an energy-building phase; those calling a bottom will stay wrong.Source
- Othernegative for stocksmid-termMiners (GDX) exhausted their energy after roughly a year-and-a-half advance and are now in a do-nothing consolidation phase.Source
- SPYneutralmid-termThe S&P 500 topped out at 7,800 where he had drawn his arrow, and after a 6-month advance is now refueling in a volatile sideways phase — not the top.Source
- Oil & Energypositive for stockslong-termThe energy sector (XLE) built energy over 3 years of sideways action, has now broken out strongly, and likely has a lot more upside since the move is just starting.Source
- DIAneutralmid-termThe Dow's current pullback is an energy-building phase with fakeouts and volatility, explicitly not the top.Source
- QQQneutralshort-termThe Nasdaq, after its parabolic move, is in an energy-building phase full of false moves; his advice is to step aside and not touch it.Source
- Othernegative for stockslong-termAfter a 2-year bull market gold ran out of energy and is in a 1-2 year energy-building correction, approaching a 50% retracement; the bull market will not resume yet.Source