What John Howell said in this video:
- Otherpositive for stockslong-termGold is in a resting, energy-building phase after its third stair step, already about six months in; the host expects another big move once the 6-to-12-month phase completes.Source
- IWMbullishmid-termThe host notes the Russell formed a higher low on the weekly chart and continued higher, trend intact.Source
- Otherneutralmid-termSilver is cited as the example of a market whose energy is largely spent after a big run, with a sideways time phase about to begin — the worst time to enter.Source
- XLEneutralshort-termAfter a three-month bull move, XLE has gone sideways for two to three months because it needs time to refuel; expect no near-term move.Source
- DIAbullishmid-termThe host says the Dow did the same as other markets: the pullback was a higher low and the bull move continued.Source
- SPYbullishmid-termThe host says we are in a very big bull market and the recent decline was just a higher low on the weekly chart; he stayed long and benefited.Source