What John Howell said in this video:
- Otherneutralmid-termGold has completed its third weekly stair step and is in an energy-rebuilding resting phase that could last 6 to 12 months; about 6 months have already passed.Source
- IWMbullishmid-termThe host notes the Russell pulled back on weekly bars, formed a higher low, and continued upward, keeping the trend intact.Source
- Otherpositive for stockslong-termThe host sees gold's sideways drift as stored energy that, once it breaks out, typically produces a strong advance and a great trading opportunity.Source
- SPYbullishlong-termThe 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.Source
- Otherneutralmid-termThe host uses silver as the example of a market whose energy is largely spent after a big run, with a sideways time phase about to begin — the worst time to enter.Source
- XLEneutralmid-termXLE completed a three-month bull move and has gone sideways for two to three months because it needs time to refuel; aggressive trading is unwarranted.Source