What John Howell said in this video:
- SPYneutralshort-termThe S&P 500 is in an energy-building sideways phase preceding a big move, direction unknown; a break below 7,600 would trigger a strong drop toward 7,300.Source
- QQQneutralshort-termThe Nasdaq mirrors the S&P's energy-building phase but already printed a false breakout, making it slightly weaker; a breakdown would bring a strong move lower.Source
- IWMbearishshort-termThe Russell has made a lower low and the current rally is not to be trusted, signaling the trend has turned bearish.Source
- DIAneutralshort-termThe Dow has rallied and is holding; if it breaks the lower level in the next couple of days, it would follow through lower and drag the whole market down.Source
- SLVbearishmid-termSilver's bull market is over with continued lower highs and lows; the current pause precedes another leg down toward the 40 level once 50 breaks.Source
- GLDbearishmid-termGold is forming a massive round top and is about to get crushed, with a minimum target of $3,500; breaking $4,000 accelerates the decline.Source
- USObullishmid-termOil keeps making higher lows and is steaming upward; a break higher could take it above the recent high.Source
- CVXbullishlong-termThe host also flagged Chevron last year for two years of upside as part of his energy-sector focus.Source