What John Howell said in this video:
- Market Breadthnegative for stocksshort-termThe host says the overall market is about to see a strong correction, but frames it as a short-term top rather than a final major top before a later big rally.Source
- DIAbearishThe host says the Dow has already started the market correction, giving a brief bearish read without price levels or timing.Source
- IWMbearishThe host says the Russell has already started the correction, giving a brief bearish read without price levels or timing.Source
- QQQbearishshort-termThe host says the Nasdaq has been doing nothing and expects a 10% to 15% correction, but frames it as a temporary correction before another big move higher.Source
- SPYbearishshort-termAfter six months of sideways trading and a possible false breakout, the host expects the S&P 500 to see a 7% to 10% correction before another major move higher, not a lasting market top.Source
- Market Breadthpositive for stockslong-termHe says the market has not formed a major top yet and expects another big upward move after the correction, leaving his longer-term posture bullish.Source
- Market Breadthpositive for stocksThe host says current fear is not yet at the bottom and that once fear reaches that point it will fuel the subsequent rally.Source
- Othernegative for stocksmid-termThe host says gold remains in a downward bear-market phase and is due for a short relief rally, but he expects another major downside leg afterward; the broken 4,000 area becomes resistance.Source