What John Howell said in this video:
- Othernegative for stocksshort-termThe host calls the flat day across the indices a pause and expects another really big red week in the market next week, a bearish near-term call with a stated timeframe.Source
- IWMbearishshort-termOn the hourly chart, the host sees a big red candle and expects IWM to hold and then have another move to the downside; he says he would not be surprised by another drop.Source
- QQQbearishshort-termQQQ has been doing nothing and is starting to break out; the host believes that even a short-term rally would be followed by more downside.Source
- DIAneutralThe Dow Jones ETF is just holding at current levels and has been in a slight downward pattern on the weekly chart; the host only says it will be interesting to see whether it rallies or stays stable, without stating a direction.Source
- SPYbearishshort-termSPY has made a confirmed false breakout on the weekly chart after breaking up, moving sideways and breaking back down; the host expects a bit more downside, though he says it will not last long.Source
- SPYbullishmid-termAfter only a week or two of downside, the host expects a very strong rally into December, a bullish swing call with a stated timeframe.Source
- Oil & EnergyneutralCrude oil has been essentially flat over the past week and prior weeks, with only up-and-down movement; the host stresses oil and XLE are different markets and gives no forward direction for oil.Source
- XLEneutralThe host says XLE is in a massive bull market and is much higher than oil, and repeatedly warns not to compare or bundle the two markets; he does not state a forward direction for XLE.Source