What John Howell said in this video:
- SPYbearishshort-termThe host expects the S&P 500 (SPY) to continue selling off to the low 7,000s, citing a false breakout, a slowing advance angle, and rejection at the 50% candle level on the weekly chart as signs of a short-term bearish phase.Source
- DIAbearishshort-termThe host notes the Dow (DIA) has already made a lower low; if it holds the 50% level and rolls over, the bull market is ending, and continued weakness next week could bring a significant further drop.Source
- QQQbearishshort-termThe host says the Nasdaq (QQQ) is giving a very clear correction signal, with a failed breakout on the weekly chart and short-term momentum pointing down as the decline gets underway.Source
- Othernegative for stocksshort-termThe host believes gold's long-term bull market is over; the weekly chart shows a round top and sentiment remains hated, so gold is likely to keep falling in the short term with strong selling and much more downside.Source
- XLEneutralThe host merely mentions XLE among markets he could discuss, with no directional view expressed on the energy ETF.Source
- Otherpositive for stockslong-termDespite the short-term bearish view, the host remains long-term bullish on gold, believing that from a multi-year perspective gold will still see a big move, though new highs may not come until around 2028.Source
- Othernegative for stocksshort-termThe host has been bearish silver all year, notes it just broke another new low for the year, and expects sharp further declines to around the $40 level, viewing rallies in the bear market as sucker rallies.Source