What John Howell said in this video:
- DIAbearishshort-termHe says the Dow is 'completely not a reversal' and warns against getting sucked in, implying the recent bounce is not a genuine trend change and further downside is likely in the short term.Source
- QQQbearishshort-termBy saying 'Same for the Nasdaq,' he applies the prior no-reversal / no-new-rally setup to the Nasdaq and notes its big drop, implying more near-term downside.Source
- IWMbearishshort-termHe adds that the Russell 2000 is in the same category as the Nasdaq, so the brief no-reversal, downside-continuation view also applies to small caps.Source
- Market Breadthnegative for stocksshort-termHe says the stock market is only at the start of more downside, but stresses it is not a major top—just a healthy bull-market correction after six months of stagnation; on the weekly chart he expects higher lows to lead to another move up and buying opportunities soon.Source
- SPYbearishshort-termHe previously called the S&P 500 breakout false and expected a big drop; he now expects more downside but frames it as a healthy bull-market correction rather than a major top, with the market eventually moving higher again.Source
- Othernegative for stocksshort-termHe only briefly notes a small rally in the gold and silver market, but the surrounding call labels such strength a bear-market rally with the trend still down and no bottom yet, so he is not bullish on silver.Source
- Othernegative for stocksshort-termHe calls the current gold advance a bear-market rally, pointing to a downtrend with repeated lower highs and no completed bottom; even a little more upside would still be a bear-market rally, so chasing a bottom is wrong.Source