What John Howell said in this video:
- DIAbearishshort-termThe Dow is stuck in a potential head-and-shoulders formation; a break below 51,000 likely sends it lower.Source
- QQQbearishshort-termThe Nasdaq sits at the bottom of its channel; a break of 24,500 likely triggers a further move down.Source
- SPYbearishshort-termA break below 7,300 support on the S&P 500 would send it toward 7,000, but the host views it as a short-lived correction, not a significant top.Source
- Othernegative for stocksmid-termSilver has been crushed all year with lower highs; the trend is still down and calling a bottom now is wrong.Source
- GLDbearishmid-termGold's bottom is not in; he expects a capitulation phase targeting a 50% retracement to around GLD $300.Source
- GLDbullishlong-termLong-term very bullish on gold with a strong move up after this correction, but new highs are six to twelve months away.Source