What HJTrades said in this video:
- Otherneutralmid-termThe host says there are only a few scenarios to work from and that he will compare the current move with past decade instances of losing the 200-day moving average, without stating a direction.Source
- OtherneutralThe host says conditions are aggressively oversold on the daily and weekly RSI, without stating a directional call.Source
- Market Breadthneutrallong-termThe host argues that, based on historical analogs and the midterm stat, a prolonged 8-to-12-month sell-off is very unlikely, without stating an explicit price direction.Source
- Otherpositive for stockslong-termThe host cites a 100% hit rate since 1942 across 21 midterm cycles, with an average gain of 16.6% and a smallest gain of 2.5%, arguing that even the minimum November-to-June move would bring the market back to all-time highs and make new highs by June very likely.Source
- Market Breadthnegative for stocksshort-termThe host explicitly says he thinks the market will go a little bit lower, without giving a specific price or timeframe.Source
- QQQbullishshort-termBased on historical instances of losing the 200-day moving average, the host expects a bottom today or tomorrow followed by a rebound into the 200-day moving average over the next two weeks.Source
- Market BreadthneutralThe host says that despite bearish talk, the current sell-off will resemble one of the shorter historical bottoming episodes rather than a long bear market, without stating an explicit price direction.Source