If the bounce rejects at the 200-day moving average, he expects another 5-10% down leg, with a capitulation low between 570 and 590 over the following two to four weeks.
IWM failed to reclaim its 200-day and weekly 21 EMA; the last failure led to weeks of further downside, so he would avoid longs until it proves itself.
The host insists this is a pullback inside a big bull market, not a top: markets don't top on fear, higher lows are intact, and continued weakness over the next couple of weeks sets up an amazing buying opportunity into December and January.
The host argues the current consolidation is not a top; once energy is built, the market will break out into a very big move and an amazing buying opportunity.
The host sees the market repeating the 1986 pattern: a sideways energy-building phase followed by a major upside leg, expecting the S&P 500 around 9,000 with strong long opportunities over the next 6-12 months.
The host maintains the market is in a major bull run and the recent decline merely formed a higher low on the weekly chart, not a top.
The stock market's current volatility is an energy-building phase; once energy is built it will break out into a very big move, creating an amazing buying opportunity.
The Russell pulled back on weekly bars, formed a higher low, and resumed upward — trend structure intact.
He treats gold, silver, and the mining sector as long-term buy-and-holds on a five-plus-year horizon, expecting gold to become very big due to cycle dynamics, so short-term corrections don't matter.
After only a week or two of downside, the host expects a very strong rally into December, a bullish swing call with a stated timeframe.
The host frames the recent S&P 500 decline as a healthy pullback inside a large bull trend; weekly higher lows held and fear-driven news marked bottoms.
Using the Dow as an example, the host says the uptrend remains in effect; the pullback is normal and healthy until a definite reversal signal appears.
The host sees gold's sideways drift as stored energy that, once it breaks out, typically produces a strong advance and a great trading opportunity.
The host stresses this is a drop within a big bull market, not the end of the trend; if the market keeps falling over the next couple of weeks it will be an amazing buying opportunity.
The host notes the Russell pulled back on weekly bars, formed a higher low, and continued upward, keeping the trend intact.
The scandal could become a catalyst for further regulations, restrictions, and investigations, creating overhang and potentially slowing the entire AI industry.
The host admits he was wrong that the October strike pause signaled progress; renewed US fire on Iranian cargo ships means things are getting worse, not better.
The host argues the three-pronged pressure campaign — naval blockade, economic sanctions, and the new land blockade — shows the US and Iran are nowhere near a deal and the standoff will drag on.
Renewed Middle East fighting would spike oil prices again, after oil already rose nearly 14% in October, feeding inflation pressures.
Despite the Democratic midterm sweep, the risk of war escalation with Iran remains high with a third carrier strike group en route, making it a major wild card for markets.
The host discloses a large NVDA position plus covered calls, arguing the underlying business, cash flow, valuation, and risk-reward remain very strong at these prices.
US export controls on advanced chips to China and the investigation into possible circumvention create governance and regulatory risk for NVIDIA, with more information expected over coming weeks.
The host says semiconductors are not looking good as the market rotates out of them, worried about the cyclicality of the AI trade beyond 2027-2028.
With the SOX forward P/E at 12.7x, below the October 2022 bottom, the host sees the correction low forming within days on both valuation and technical grounds.
Google's new ~$548M stake strengthens Qualcomm's narrative of extending from edge computing into AI infrastructure, though near-term earnings pressure persists.
Despite breaking its 50-week MA, the host sees higher odds of a bottom-and-recovery, citing seasonality, the buyback window, low institutional positioning and $8T of sidelined cash for a year-end rally.
Discontinuing the Cybertruck and Model S/X in favor of limited-market robotaxis is a catastrophic lineup failure: it kills high-end buyers who don't flinch at $99/month FSD, cuts valuable human driving data, and leaves Tesla competing only in the mass-market segment with a PE north of 100.
Companies are shifting budgets away from frontier labs toward on-prem and open-source models, pressuring frontier lab margins and revenue growth — bad for the AI trade into 2027.
Data center construction is already six months behind and anything planned for 2028 and beyond was in doubt even before the elections, due to financing costs.
The host discloses zero shares sold, no change to plan, and sideline cash from prior trims ready to deploy at current cheap prices — treating the selloff as a buying opportunity.
The memory/storage sector saw the heaviest selling with determined outflows and is extreme left-side; even bounces fail, so wait for the right side. It needs to hold 650 and base for one to two weeks to stabilize.
She exited on discipline when the 800 bull/bear line broke; the stock fell to the 500s with momentum decaying and must reclaim 600, otherwise a sideways drift likely resolves lower. She is done with it this year.
The break of 706.58 triggered programmatic selling; QQQ must reclaim the 675 line next week for an initial stabilization, otherwise supports sit at 650, 630, 620 and even 600.
Since Oct 16 the host views US equities as range-bound with a bearish tilt; every rally is a bounce to trim into, not a reversal.
A measured move down from the broken box targets 719-720, and if the larger box since May is confirmed broken, the strongest support near 697-703 could come into play.
Using Amazon's Bezos episode as an example, the host says such scandals hit the stock short-term but leave the long-term trajectory intact.
Near-term, the host expects NVDA to stay under pressure as the market digests the news, with possible consolidation or further drift lower, so he advises patience before buying.
The host endorses Wood's dip-buying of quality names like AMD, which rebounded 11 points; he calls the short-term trade well executed.
Intel broke down on earnings amid a semiconductor pullback, but volume has expanded notably, giving some chance of a bounce.