What John Howell said in this video:
- XLEbullishlong-termThe host calls XLE the new king in town, noting smart money already rotated into energy and that this was one of the strongest bull markets this year; with XLE up 54% year-to-date, he is bullish on XLE and the energy sector.Source
- Othernegative for stockslong-termThe host has said since the start of the year that gold's move is finished and the chart confirmed the trend was over; with gold down 30% this year, he is bearish on gold and believes the trend has ended.Source
- OtherneutralThe host emphasizes that the key trading skill is spotting when a trend is over and then finding the next market ready to make a big move; he advocates following the money into the next trend rather than staying married to a market.Source