What John Howell said in this video:
- DIAbearishshort-termThe host sees the Dow leading the market lower with a double top and a potential head-and-shoulders pattern after peaking in August.Source
- SPYneutralshort-termThe S&P 500 is noted only as slow and lagging alongside the Dow's leadership lower, with no distinct directional call of its own.Source
- Market Breadthpositive for stockslong-termThe host insists this is a healthy correction, not the top, refuses to short the bull market, and expects another strong move to the upside.Source
- IWMbearishshort-termThe Russell formed a weekly double top, broke down, and rolled over before even reaching the 50% Fibonacci retracement, suggesting another leg down.Source
- QQQbearishmid-termThe host expects the Nasdaq correction to extend from roughly 10% down to about 15%, but frames it as a healthy correction, not the top.Source