What John Howell said in this video:
- Othernegative for stocksshort-termThe gold bull market is over and gold is in a bear market; the prior rally was a sucker rally. He expects gold to flush down and return to low levels around 3,400.Source
- Othernegative for stocksshort-termSilver has entered a bear market after its parabolic phase; the earlier rally was a sucker rally. He expects silver to keep dropping to another new low with a target around $43.Source
- QQQbearishshort-termThe Nasdaq has confirmed a false breakout to the upside and is now reversing down, marking the start of the correction he has been warning about. He expects more weakness over the next couple of weeks into November.Source
- DIAbearishshort-termThe Dow had been dragging the market along but is now leading to the downside; after making a lower low and rallying, he expects a much bigger drop to come out of the Dow Jones.Source
- SPYbearishshort-termThe S&P 500 confirmed a false breakout, with futures breaking above resistance before reversing down. He expects more downside and a move back toward the low 7000s area over the next few weeks.Source
- IWMbearishshort-termThe Russell 2000 has hit its downside target and is the weakest market; things are just getting underway, and he expects a lot more downside to come.Source
- Oil & Energypositive for stockslong-termThe energy sector has built energy through a long sideways consolidation and has broken out into a trending phase; it is the new king, up 50% this year, and he expects much more upside as the first stair step in a big bull market.Source