What John Howell said in this video:
- DIAbearishshort-termThe Dow topped back in August, failed a breakout, and may be forming a weekly head-and-shoulders, so more short-term downside is likely.Source
- SPYbullishlong-termHe repeatedly stresses this is not the top — the bull market is intact, another strong upside move is coming, and he refuses to be short.Source
- IWMbearishshort-termThe Russell double-topped on the weekly and rolled over before even reaching the 50% Fibonacci, so another leg down is possible.Source
- QQQbearishshort-termThe NASDAQ is correcting; he expects the roughly 10% decline to extend toward 15% before forming a higher low and resuming up.Source
- SPYbearishshort-termThe S&P made a false breakout and is rolling over; he expects roughly a 7-10% correction but insists it is a healthy correction, not the top.Source
- Othernegative for stockslong-termHe has called the gold bull market over all year and says the bear market is now heating up, targeting 3500 and possibly 3000 with at least a 50% retracement.Source
- Othernegative for stocksmid-termSilver has been crushed and is nearing his stated 40 target, and he actually expects it to go somewhat lower.Source
- Bonds & Ratespositive for stockslong-termDespite being wrong all year, he still calls bonds the best investment for 2026, citing a capitulation V-bottom and an impending mega rally in TLT.Source