What John Howell said in this video:
- USObullishlong-termUSO is staging a massive breakout after four sideways years of energy building, a move he says he flagged at the start of the year based on the pattern, not war or inflation narratives.Source
- XLEbullishlong-termHe has said all year: gold down, XLE up. After three sideways years of energy building, XLE broke out this year and he sees it as the new leader with two years of upside.Source
- DIAbearishmid-termHe says the Dow is the 'same thing' as the S&P 500, implying the same energy exhaustion and correction risk.Source
- GLDbullishlong-termDespite the near-term bearish call, he remains very bullish on gold over a ten-year horizon, expecting $10,000 plus once the energy-building phase completes.Source
- GLDbearishlong-termAfter a two-year bull run gold has used up its energy and faces a 1–2 year corrective time phase, typically a 50% retracement, which he pegs near $300 on GLD.Source
- CVXbullishmid-termCVX, one of three energy names he flagged late last year around $153, ran to $223, pulled back, and now shows an L-shape pattern that he says is getting ready to go again.Source
- SPYbearishmid-termThe S&P 500's long energy-using advance is running out of steam; the false breakout he flagged two months ago is playing out and he expects a correction.Source