What John Howell said in this video:
- SPYbullishlong-termThe host states the indices are in a very big bull market and the recent decline was only a normal healthy pullback, with higher lows intact on the weekly chart, so the uptrend remains in effect.Source
- Otherneutralmid-termGold has completed its third weekly stair step and is in a sideways energy-building phase likely lasting 6 to 12 months before the next big move.Source
- Othernegative for stocksmid-termThe host describes silver as overstretched, in bubble territory, and vulnerable to a really big reversal after its large run.Source
- XLEneutralshort-termUsing the energy sector as an example, the host notes it ran for three months and has now gone sideways for 2-3 months — a time phase where entering aggressively is the wrong timing.Source