What John Howell said in this video:
- QQQbearishshort-termThe host says the Nasdaq already made a false breakout and is dropping as a result, and he expects another strong selling period.Source
- SPYbearishshort-termThe host says the S&P 500 is still elevated, keeps stalling after each move up and has formed a false breakout, so he expects the downside to continue.Source
- DIAbearishshort-termThe host notes the Dow made a lower low, rallied to a lower high and is turning back down, so he would not be surprised by more downside.Source
- Oil & Energypositive for stocksshort-termThe host says oil has been in an upward trending phase; if it holds and breaks above 104, he expects a run to about 120 and a possible oil spike.Source
- IWMbearishshort-termThe host says the Russell was in a bullish environment but has formed a double top and is now rolling over.Source
- Othernegative for stocksshort-termThe host sees gold holding after a downside move, lays out two scenarios that both end in another drop, and believes it will fall to the mid-to-low 3,000 area.Source
- Otherneutralshort-termThe host says silver has been in a downward phase but warns against shorting after a big drop because a pullback may come first; he is not short himself and mentions a possible $30 area on a pullback.Source
- TLTbullishshort-termThe host sees a potential V bottom in TLT; if it holds and gets back above 84, a major long-term trend line would be reclaimed and he expects a pop to the upside.Source