What John Howell said in this video:
- OtherneutralAt the open the host says the indices are still holding within their channels and gives no directional call, only flagging trigger points to watch.Source
- DIAbearishshort-termThe host sees the Dow stuck in a potential head-and-shoulders formation and expects another leg down if 51,000 breaks.Source
- DIAbearishshort-termThe host says the Dow is stuck in a potential head-and-shoulders formation and that a break below 51,000 would likely send it to another downside move.Source
- QQQbearishshort-termThe Nasdaq sits at the bottom of its channel after a false breakout; a break of 24,500 would open downside movement.Source
- QQQbearishshort-termThe host notes the Nasdaq is at the bottom of its channel after a false breakout, and a break below 24,500 would probably bring another downside move.Source
- SPYbearishshort-termThe S&P rally hit resistance at 7,550; a break below 7,300 sends it toward 7,000, though he stresses this is a short-term correction, not a significant top.Source
- SPYbearishshort-termThe host views the S&P 500 pullback as only a short-term correction to the 7,000 level rather than a significant top; a break below 7,300 support could send it toward 7,000 before it recovers.Source
- Othernegative for stocksThe host says silver has been crushed all year, remains in a downward trend with lower highs, and has not bottomed, implying continued downside after only a short-term pause.Source